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...measures appear to have helped unlock frozen credit markets. The three-month Hong Kong interbank rate, or HIBOR, a measure of the difficulties of getting access to credit, fell by more than half a percentage point Monday, the biggest drop in a decade...
...entirely pessimistic. Experts and industry insiders believe that once the storm blows over, demand is bound to rise for the same reasons it did last time - a large, young workforce; gradual but consistent liberalization reforms; and a high rate of consumer and private-sector savings. "The silver lining is that once this phase ends, land and property prices will be corrected to rational levels, speculators will be out, and the sector will have stronger fundamentals," says Shukla. If everyone's prayers go right, the goddess will eventually be propitiated and her blessings will issue forth once more...
...then-University President Lawrence H. Summers inked the deal with Citibank to provide loans for the University’s graduate students, with both institutions sharing the financial risk. Three years later, given the exceptionally low default rate on the program, Citibank agreed to underwrite all financial responsibility for the loans...
...recent weeks McCain has fallen behind his Democratic rival in Florida by as many as 8 points in some polls, though others still show the race a virtual dead heat. The nation's financial crisis is of course a factor: Florida is getting waylaid by home foreclosures at a rate few other states can match, and business owners like Geyer and her husband are having to undertake painful employee layoffs to stay afloat. Though Crist insists he's still enthusiastic about McCain's candidacy, he said last week that he must devote more time to the economic problems. The fact...
...search or otherwise, there is no reason why, in the young-adult equivalent of a retirement community, we should rate as our ultimate guide as our résumé and the development of an insatiable drive to succeed. It is but one mean kind of growth. Harvard is in love with itself, but we, its present students, need...