Word: news
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...news is that to ameliorate the worst side effects of the carry trade, which if unchecked could make Asian exports too expensive to buy, Asian central banks have intervened in foreign exchange markets and done something they are loath to do: Actually increase the dollars in their foreign reserves. "Asian central banks are accumulating even more dollars," says Credit Suisse's Desbarres. According to Citigroup, China's foreign reserves ($2.13 trillion as of June, including forward currency contracts) have increased 11.9% since the collapse of Lehman Brothers in September, 2008. Hong Kong's foreign reserves have shot up by nearly...
...There was a pretty significant drop between 2007 and 2008, and now in 2009 it's leveled off," says Cindy Fornelli, executive director of the Center for Audit Quality. "I think it's stabilizing, which is good news...
...Fornelli notes that the improvement came even though a hoard of bad news shook up the markets between last year's summer survey and this year's fall survey. "Unemployment went up significantly, you had problems with AIG and Lehman Brothers, the stock market went down - so the indicators of the economy got worse and yet confidence has leveled off," she says. Of course, you could also say that the two surveys bridged the worst months of the financial crisis, but it's positive nonetheless that current investor confidence is a tad better than pre-Lehman levels. (See 25 people...
...original version of the Sept. 30 news article "Student Life Fund May Be Redirected" incorrectly referred to Jordan F. Bock ’10 as the Adams House HoCo co-chair. In fact, Bock is the HoCo co-chair of Leverett House...
Bonnie J. Kavoussi ’11, a Crimson news writer, is a history concentrator in Winthrop House...