Word: nears
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...that this U-shaped recession we are in could turn into something much uglier, meaning a Japanese-style L-shaped recession. We're in the worst global synchronized recession in the last 60 years. Unless we take the right policy actions, we'll end up in a near depression. I did not want to use that term six months ago. At that time, I said the chances of a near depression were only 10%. But today those chances are 33% or so. (Read "25 People to Blame for the Financial Crisis...
...especially worried about? I'm worried about every part of the world. People thought the rest of the world would decouple from the U.S. That was nonsense. Emerging Europe is on the verge of a fully fledged sovereign-debt, banking and currency crisis. I think China is in a near recession right now. Many emerging markets, even those that are in better shape, are in severe trouble. I don't think there is any economy in the world right now that is safe...
...with Cornell that has become typical as of late. The previous two Harvard–Cornell matchups at Lavietes Pavilion have ended by the same one point margin with the teams splitting the pair of contests. This time around it was Harvard taking the win in front of a near-capacity crowd. The Big Red started out the game strong, racing to an 8-2 lead. But an emphatic dunk by Wright in the 16th minute signaled to Cornell that the Crimson wasn’t going to repeat its lackluster first-half performance in Ithaca two weeks ago. Harvard...
Country Weekend. Nashville's newly opened Hutton Hotel claims to be the city's first green hotel. To entice you to stay at the eco-friendly digs, located near the Vanderbilt University campus, the Hutton is offering a grand-opening two-night weekend package, "With Love from Nashville," which includes champagne upon arrival, a candlelit dinner for two at the hotel's restaurant, plus a complimentary martini, breakfast and a $5 gift card from Amazon.com - use it to download any country western song you hear around town, the home of the Grand Ol' Opry. Rates start...
...bedrooms, drawing room and dining rooms of the house that inspired Dead Man's Folly have been carefully restored to their 1950s state by the National Trust. If you'd like to stay overnight, you can even rent one of two cottages on the grounds. Greenway Road, Galmpton, near Brixham...