Word: lu
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...After hearing that her boss is looking to replace her, Lu Qingmin quits her job in a factory's human resources department: "In August 2004, two months after she arrived, Min collected her pay and left without telling anyone... she spent the night in a hotel near her factory; while she slept, someone broke the lock on her door. The thief took nine hundred yuan [about $130] and Min's mobile phone, the only place where she had stored the numbers of everyone she knew in the city: the ex-colleague who was her only link...
...Market-watchers credited the relative market calm to Wednesday's coordinated rate cuts by the U.S. Federal Reserve and five European central banks. China, South Korea, Hong Kong and Taiwan also reduced benchmark lending rates. Ting Lu, an economist with Merrill Lynch in Hong Kong, called local market reaction to the cuts "generally positive, but cautious...
...According to Lu, China's .27 basis-point cut signals that the country is now less concerned with fighting domestic inflation than in joining the rest of the world in battling a global slowdown. In a report released today, the International Monetary Fund warned that the world economy has entered a "major downturn" that would likely get worse before it gets better. It said central bankers trying to get a handle on the situation were "between a rock and a hard place...
...China may cut rates two or three more times this year, Lu predicts, following a pattern established during the 1997 Asian financial crisis when the country used aggressive monetary policy to maintain economic growth. On Thursday Hong Kong, a Chinese territory, reduced its lending rate for the second time in two days, dropping it by 50 basis points to 2% amid what Monetary Authority chief Joseph Yam called "the financial crisis of this century...
...time to take on the role of Vice President in addition to her other responsibilities? I don't want someone who is maxed out. I want someone who can devote the time and energy necessary to do the job. In this election, that person is not Palin. Lu Stewart, EVERGREEN, COLO...