Word: macros
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Dates: during 2000-2009
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...menu to address the multiple areas of troubles threatening the banking system," thus staving off what he says would have been a "global depression." Still, he says the contagion and mutation of the crisis from one financial activity to others makes it impossible to know what to expect in macro terms in the medium run. Indeed, Paul Tsang, senior vice president at Polaris Securities in Hong Kong, says he expects the rebound to continue as investors wait to see how the proposed bailout plans affect financial institutions, but that longer-term predictions remain murky. "My initial hunch is consolidation will...
...short answer many European economists give is that it ought to. There are few reasons, they say, why markets shouldn't return to a situation somewhere closer to normal - though they add there was little in macro-terms to justify their bearish frenzy last week. But following Sunday evening's agreement by the 15 leaders of euro-zone countries to accept collective rules to underwrite loans between banks and inject new capital into those facing serious trouble, hope is now rising that the situation in Europe may stabilize. Indeed, euro-group leaders used the most encouraging language they could muster...
...many a leader before him, French President Nicolas Sarkozy seems to work better abroad than at home. Just days after another brilliant performance on the international stage reversed Sarkozy's dizzying approval rating plunge, a new spate of domestic woes risk dragging him down anew. Plagued by a dismal macro-economic outlook that his highly-touted policies and reforms have failed to set right, Sarkozy this week was also tormented by the spectacle of his own cabinet engaging in a nasty public spat. As a result, voters across France are beginning to wonder who they can actually look...
Until that point, I had dealt with global matters in a more macro way. As President, I was primarily interested in peace in the Middle East, normalizing relations with China and avoiding war with the Soviet Union. I had often met with a nation's leader without comprehending the daily struggles of its average citizen. Fortunately, this time around, I had both the opportunity and the sensibility to do things differently. Working on behalf of The Carter Center, we persuaded other organizations--including the World Health Organization, unicef, the Centers for Disease Control and Prevention and the Peace Corps...
...failure to return the lost territories seriously undercut Saakashvili at home. Many began to grumble about his reform not improving their living conditions fast enough. Complaints arose that his macro-reform was adversely affecting ordinary businessmen and traders. A crackdown on the black market in cigarettes and alcohol left thousands of street vendors without jobs. Growing incomes are offset by rising inflation and these reforms have made many Georgians pay tax and utilities bills in full. The government is also dramatically increasing the defense budget instead of raising pensions. The opposition, represented by nine parties, invoked Saakashvili's increasingly authoritarian...