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...Austrian banks alone have a more than $293 billion exposure to Eastern Europe, roughly 80% of the Austrian GDP. When, on February 17, rating agency Moody's warned that it might downgrade a number of western European banks with exposure to the region, the euro plunged to a three month low of $1.26 against the dollar. "Given the combination of banking and trade links between Eastern and Western Europe that have been built up over the past five to ten years, it's clear that this cannot be seen as a self-contained regional crisis," says Neil Shearing, Eastern Europe...
...figure out what to eat. Eating less of it is even harder. Researchers had hoped to get study participants to eat 750 calories less than they expended each day - an objective that proved unsustainable. Dieters adhered to the initial plan for the first several weeks, but by the six-month mark, they were consuming only 225 calories less than they expended - about a third of the goal - according to a calculation based on overall weight loss. "It's very difficult to reduce your calories enough to really sustain a lot of weight loss," Loria says. (See pictures of facial yoga...
You’d have to be living under a rock these days not to notice the grim state of the American economy. The financial crisis of last October has spiraled into a cataclysmic near-total collapse, with official unemployment figures spiking at 7.6 percent this month. President Obama has already made plans to resuscitate the economy through a massive stimulus package while somehow reducing the largest peacetime budget deficit in American history...
...East Meadow, N.Y. at the three-day Ivy League Championships. The Crimson (6-1, 6-1 Ivy) has been cruising through its season, losing only one meet to the reigning three-time Ivy League champion Princeton Tigers (7-0, 7-0). When Harvard faced the Tigers earlier this month, Princeton escaped by a narrow 22-point margin, and this weekend the Crimson is looking for revenge. Harvard is in an eerily familiar position heading into the weekend’s meet. Last year’s squad was also 6-1 in dual meets and also faced Princeton...
...event, according to Pudding spokeswoman Talisa B. Friedman ’10. “We were absolutely thrilled to have Hasty Pudding’s participation in our press conference upon the arrival of the inaugural flight,” said Condon. The new flights come the same month as Southwest Airlines announced their intent to begin service out of Logan next fall. The San Francisco based airline was launched in 2007 and currently services seven cities with its fleet of Airbus A320 Aircraft...