Word: morganization
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...Japan's charm offensive is taking shape on several fronts. Cash-flush Japanese banks, which have only just emerged from their own decade-long debt crisis, are infusing money into distressed companies such as Morgan Stanley. Japan Inc. is going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund...
...Only recently have some of these individuals returned. On a bulletin decorating a wall in the department’s lobby, newspaper clippings from magazines such as the “Boston Globe” herald, among other things, the much-anticipated return of Marcyliena Morgan, a scholar on hip-hip, to the Af-Am faculty. Morgan was denied tenure under Summers...
...clinics, especially in the country's poorer regions. Taken together with the recent alleviation of taxes plus changes to the rural-land law that will allow farmers to lease their land and free them to work elsewhere, the initiatives amount to what Jing Ulrich, the head of JP Morgan's China equities business, calls "a New Deal with Chinese characteristics...
...phase on Tuesday as Fannie Mae and Freddie Mac announced a fast-track program meant to make hundreds of thousands of mortgages affordable to people who can't currently meet their monthly payments. The roll-out follows on the heels of new loan modification programs at JP Morgan Chase and Citigroup, but the move at Fannie and Freddie, which together hold or guarantee some 58% of single-family home loans, has the potential to reach much farther since the mortgage industry often takes its cue from the two entities...
...feel optimistic about domestic issues is one thing. Sen. Barack Obama has rewarded the hopes of many who thought that his election in America today was perilously impossible. To feel optimistic about political issues in far-off continents is quite another. As a supporter of Morgan Tsvangirai and Robert Mugabe’s power-sharing agreement in Zimbabwe—which is currently in a state of collapse—I now face the reality of this distinction. Yet the situation in Zimbabwe is so dire that it absolutely requires optimism, as irrational is it might currently seem...