Word: nationalism
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Bank stocks have continued to plummet since the program was started in mid-October. Two of the nation's largest banks, Citigroup and Bank of America, have had to tap the relief fund twice, yet neither bank appears any more stable. Indeed, concerns about Bank of America's insolvency have grown, not shrunk, in the past few months. What's more, none of the government money spent so far has done anything to increase lending or lower foreclosures. (See the best business deals...
...these weaknesses have been forced out will soon come to light. Despite this being the toughest test yet for the team, it was but a warm-up for the brutal stretch of scheduling that February will bring. The Crimson next takes on Trinity, undefeated and ranked third in the nation, on Feb. 4 at home. Trinity has defeated Harvard in five out of the past seven matches, including twice in 2008, the most recent being a 6-3 setback in the opening round of last years’s Howe Cup Championship. However, the strong start to the season...
...caricature has always been that the faith community wants to ram its agenda down people's throats or that we're just interested in our own issues, like religious liberty. What if we were looked to instead as a vital resource for overcoming poverty or converting the nation to a clean energy economy? Who knows the factions and conflicts overseas better than organizations like World Vision and Catholic Charities? Why not use us as a resource...
Iceland is getting used to this. Over the past six months its currency has collapsed, its largest banks have all failed and been nationalized, and its economy has imploded. Today the tiny (pop: 320,000) nation became the first to lose its government to the global financial crisis. Addressing the press, Iceland's Prime Minister Geir Haarde announced the resignation of his cabinet and the collapse of the current coalition government. The Conservative leader said that he could not "accept the Social Democratic demand that they would lead the government...
...year ago, few would have predicted such a rapid fall from grace for the affluent North Atlantic nation. Iceland topped the most recent U.N. Human Development Index and boasted one of the highest GDP's per capita in the world. But its banks, carrying massive debt loads, became early victims of the global credit crunch. In October, in an effort to salvage the hemorrhaging economy Haarde's government negotiated a $10 billion bail out package with the International Monetary Fund...