Word: previously
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...write one last e-mail, apologizing for the previous e-mail, but I'm too tired to do the math...
...Wednesday's activity reflected that measured concern dominating the ebullience that drove the previous two sessions. Apart from Tokyo's Nikkei - which ended the day 1.1% higher - bourses across Asia all slumped. Hong Kong's Hang Seng lost 5%, for example, following its 13% surge earlier in the week. Europe suffered similar shrinkage as London's FTSE 100 slipped 3.5% by noon, while Paris' CAC 40 and Frankfurt's Dax both shedded 3.1%. Some of that slippage, market analysts said, came from profit-taking on gains posted earlier in the week. But the major factor came from broader concern...
...advertisement for studying the U.S. has been the extended presidential primary season, which professors say has gone some way to reviving interest. As the election heated up in recent months, Lancaster University's American-studies office received several inquiries from high school students interested in the program; in the previous two years they had received none. "Obamania has infected students," says Patrick Hagopian, who teaches "Mom and Apple Pie: Gender and the Making of the American Family." "America becomes a more attractive place simply because of the prospect of a new government." He's hoping students will agree...
This grim outlook presents some particularly tricky challenges to those in charge. In previous downturns, such as the early 1990s slump, governments typically ramped up state spending in order to offset the drop in business activity. But this time, the gigantic cost of bank bailouts will leave national treasuries with little room for maneuver. Indeed, the bailout plans - under which stricken banks will receive direct injections of taxpayer money to strengthen their capital base, while governments provide guarantees aimed at getting banks to lend to one another again - may well throw government finances seriously out of kilter...
...writing a novel harder than the previous short-essay format of your first two books...