Word: pegs
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...stump up, at rock-bottom rates, just as they were before. The risk premium that Asian borrowers have to pay is near historical lows. It's a worrying sign of global exuberance. Ironically, Asia has played a role in stoking dangerous imbalances in the global economy. Its 'dirty-peg' currencies, which ostensibly float but in fact are controlled by central banks, have kept exports higher and imports lower than they would be otherwise. In the case of China, with its $1.2 trillion of foreign-exchange reserves, the cash is inflating an asset bubble in stock and property markets...
...Others do see a consistency, if not in where he has been then at least in the direction in which Romney is going. With McCain, there is an ideological drift that makes him harder to peg or predict, as he sides with conservatives on issues like abortion and against them on the question of a constitutional amendment to ban gay marriage and on filibustering judicial nominees. "To me, [Romney's evolution] shows that he's at least willing to listen and change. I see it as sincere," says former South Carolina Congressman Tommy Hartnett, a Catholic who has endorsed Romney...
Nonetheless, the riots proved to be a perfect peg for demographic jeremiads because they seemed to support theocons’ pessimism and fear. Although they love to decry the softness of modern Europe—accusing it of lacking “civilizational confidence”—theocons deny the vitality of Western culture by assuming that Muslims are impervious to the European values (temptations?). Such self-doubt is unjustified: European values (decadent capitalism and post-Enlightenment liberalism) are likely to persist, no matter how demographic changes alter Europeans’ creed or color...
...booze is funded by alumni who worry about seniors’ paltry social lives. In addition, each House Committee chose four eager seniors from their House to become “upper” Upper Halls. These get to have their own personal stein mug hanging on a numbered peg in the Pub, and their names added to a kind of “Upper Hall of Fame” placard. HoCos singled out the most enthusiastic seniors with methods ranging from an application process to nominations, voting, and appointments. Kirkland HoCo Parliamentarian Matt Drazba ’08 says...
Graduate students aren’t alone in their military pursuits. Although one may not peg a prestigious liberal arts school as a training ground for future military officers, a small but committed group of Harvard undergraduates would beg to differ. Harvard’s Reserve Officer Training Corps (ROTC) is made up of students who take on a full course load at Harvard while training to become military officers. Although most ROTC cadets get to attend Harvard for free, they are required to serve at least eight years in the military upon graduation. “I think...