Word: oxfordized
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...Oxford Economics, which specializes in regional forecasts and advises the British government, expects 110,000 jobs to be cut in London between this year and 2010 as the city's economy contracts - although if the credit crunch is protracted, it predicts that the number could rise to almost 150,000 next year alone. Real estate is already reeling. Plans for two huge new skyscrapers in the City have been shelved, and the price of prime residential houses in central London has dropped by 12% so far in 2008, according to realtors Savills, while sales volume is down...
...proportion of two decades ago. Has London become too reliant on a single industry, putting all of its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist at Oxford Economics, who nonetheless believes that while "there is a concern about dependency, financial services have done well historically." At the Guildhall, which is where the City administration is based, policy head Stuart Fraser is bracing for a slump as severe as the one in the early '90s, when house...
...Patten, the chancellor of Oxford University and Britain's last Governor of Hong Kong, sets out to explore how nation states can "do more together rather than less." Through entertaining and wide-ranging discussions of terrorism, the threat of biological, chemical and nuclear weapons, migration, drug-trafficking, diseases, energy and climate change, Patten sees enough opportunities for cooperation to remain an optimist. The former European Commissioner for External Relations is an unashamed liberal internationalist, happy to call antiglobalization activists hypocrites. But he also recognizes the severe damage American adventurism has done to Washington's image over the past few years...
...Sanders Theater yesterday. “But nothing promised that is not performed,” Vendler quoted, inspired by her colleague’s tireless devotion to his students during his years as both the Boylston Professor of Rhetoric and Oratory at Harvard and Professor of Poetry at Oxford. When Heaney, a Nobel laureate, took the stage, he described it as “one of the greatest moments in my life,” and although he promised the crowd nothing, he certainly performed. In her introduction, Vendler called Heaney “a poet of Ireland...
Barack Obama and John McCain have never debated each other, but both may whiff some déjà vu when they hold their first showdown tonight in Oxford, Miss. - they've likely spent days sparring with their opponent's spitting image...