Word: momentum
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...next hike is widely expected later this month. In Washington, meanwhile, the new Federal Reserve chairman, Ben Bernanke, has ended the series of rate increases introduced by his predecessor, Alan Greenspan, and Wall Street has been anticipating the start of a period of cuts as the U.S. economy loses momentum. This transatlantic divergence is pushing the dollar down. (Note, however, that Bernanke sounded a hawkish note in a speech last week, saying that inflation remained "uncomfortably high" - an indication that he won't be reducing rates soon.) The big question is whether the dollar will continue its decline over...
...talk of withdrawal has gathered momentum in recent weeks, some Sunni groups dedicated to fighting U.S. troops have already begun to recalibrate their gunsights. One of the largest Sunni insurgent groups, Islamic Army, dramatically changed course last week and called on its followers to wage a "battle of destiny" against Shi'ites for control of Baghdad. Only a year ago, the studiously nationalistic and nonsectarian group vehemently opposed al-Qaeda leader Abu Mousab al-Zarqawi's call for a holy war against Iraqi Shi'ites...
...Harvard. They have concrete proposals (available at www.thenewuc.com) for achieving these goals, from creating a student endowment to building a virtual web portal for students to increasing departmental classes that count for Core credit. By driving after proposals that work toward definite greater ends, the New UC will build momentum and avoid the scatter-shot inaction...
...Where 2006 began with similar demonstrations against the killing of former Prime Minister Rafik Hariri that ultimately forced Syria to withdraw its troops from Lebanon in the "Cedar Revolution," the year appears to be ending with the streets - and the political momentum - very much back in the hands of Syria's allies. But nobody was talking about Syria on Friday; their concerns were the Lebanese government, and its backers, real and perceived...
...through the rest of regulation. “[The ref] called way too many penalties,” Reese said. “I thought it was ridiculous. [For] both teams—he was calling everything. If you touched a guy, he called a penalty. It kills the momentum of the game.” No matter how much the Crimson pressed in the final moments of the game, its attempts were not enough to squeeze out a win, as Harvard ultimately yielded, 2-1. “It’s frustrating not to get the results...