Word: prospecting
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...comparison with recent years, those figures are measly for the U.S. - but unusually robust for the Europeans. Central banks on both sides of the Atlantic are reacting differently to the prospect. In Frankfurt, the European Central Bank is continuing to raise interest rates - the next hike is widely expected later this month. In Washington, meanwhile, the new Federal Reserve chairman, Ben Bernanke, has ended the series of rate increases introduced by his predecessor, Alan Greenspan, and Wall Street has been anticipating the start of a period of cuts as the U.S. economy loses momentum. This transatlantic divergence is pushing...
...George W. Bush and Nancy Pelosi have faced similar challenges within the political process, and both have paid a price for reaching their respective mountaintops. Most important, one finishes the commentary believing that Bush and Speaker Pelosi know the road ahead and will diligently search for common ground. That prospect certainly bodes well for the body politic...
...most Harvard students, a House Democrat’s proposal to replace the U.S. volunteer army in Iraq with a drafted force seems unappealing—and unlikely. But for some undergraduates on campus, the prospect of being conscripted to fight in the Middle East has always been a fact of life.Military service is compulsory for Israeli Jews—three years for men and two years for women—barring medical and religious exemptions. The handful of current students at the College who served in the Israeli Defense Force (IDF) before coming to Harvard say the interlude forced...
Litvinenko had myriad enemies, and the Kremlin was definitely topping the list. But either Putin has lost the art of subtlety, or the West is actually facing a scarier prospect: Russian leadership is losing even more control over its intelligence services. If that’s the case, then it’s indeed worthy to quote Dame Judi Dench in the latest Bond: “Christ, I miss the Cold...
...Orthodox patriarchate has been located in this city, formerly known as Constantinople, since the fourth century. Despite pressure from the European Union, the Turkish government argues that opening the Halki school would put it under pressure to allow similar Islamic colleges - a prospect deemed nightmarish by the secularist authorities...