Word: majors
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...reason for Monday's market plummet is little changed from that behind the last few weeks of red ink: Growing certainty that the world is headed into a deep, and probably long, recession. The pessimism is fuelled by statistics showing consumer spending and industrial production falling off in many major economies, and especially...
...Company results and announcements out today will further darken the picture. In France, for example, the country's two major automobile manufacturers - Renault, and the PSA group that makes Peugeot and Citroën cars - said they will temporarily close all their domestic factories this week, and have asked employees to stay away on paid leave in response to shrinking demand. Germany's Ifo Institute, meanwhile, said its primary activity index, which measures industry and trade activity, fell to a five-year low last month...
...they have in years past. Tradeoffs among fun, safety, and legality are difficult to balance in this circumstance, and this year’s policy seems a good compromise that allows for some fun, protects student health, and abides by the law.Having HoCos serve students alcohol is a major benefit for this year’s game. As the facilitators of house life in the college, HoCos should be the organizations providing students with the accoutrements of game day. Furthermore, giving HoCos a stake in helping to run this enormous undertaking provides students with an opportunity to prove that they...
...Even as the military finds itself embroiled in a war against militants that much of the country's elected leadership (and even more of the electorate) opposes, it's hard even to keep the lights on as the limits of the country's electricity supply mean daily blackouts in major cities. The economy, meanwhile, is in a perilous state, with inflation running rampant, the currency having lost a third of its value, and foreign currency reserves reduced to the point that they can finance no more than six weeks of imports. Pakistan, in fact, is in danger of defaulting...
...France has made battling the Somali pirates a major priority of its forces in the region. (France maintains a permanent military base in nearby Djibouti.) The French and NATO vessels will patrol the waters off Somalia under a U.N. mandate to escort commercial ships and those carrying humanitarian supplies to drought-stricken areas, and to scour the area for pirates before they strike. Last April, French forces had stormed the luxury cruiser Le Ponant to rescue 30 vacationers and crew members taken hostage by Somali pirates. Six of those pirates, plus six others captured after another French hostage intervention...