Word: rathering
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...decade ago, everyone thought it would fail. Milton Friedman famously predicted it would be a disaster, and the Bank of England had stress scenarios that foresaw a similar end to the monetary experiment. Yet, over ten years later and despite the fact that it was created with a political rather than economic agenda, the currency remains alive and arguably very strong. As with most things in life, adopting it involves a trade-off. A country gives up monetary freedom (to devalue, for instance) in exchange for increased trade with the rest of Europe, coordinated monetary policy, and a confidence seal...
...Czech Republic, Hungary, and Poland are all scheduled to go ahead with a rather long process of monetary convergence in order to join the euro, overseen by the ECB. But, as it turns out, the current crisis renders impossible many of the conditions implicit in the plan, particularly when it comes to fiscal balance (which everyone is throwing by the wayside) and indebtedness (which has been a problem for a long time in the region). The problem is significant because, if things continue deteriorating, it may pull the region farther and farther away from Europe, in a way that could...
...Samra (HMS ’12) in The Crimson’s coverage were taken out of context. We want to be clear that they were not meant to describe our otherwise very positive interactions with Dr. Richardson and faculty members during the creation of the lecturer disclosure policy. Rather, these quotes described the challenges of advocating for policy changes on conflict of interest beyond the lecture disclosure policy, a topic that also has no bearing on Dr. Richardson...
...recommend that the College’s philosophy in housing students during January 2010 not be focused on if students absolutely need to be on campus, but rather on if students will benefit from being on campus for a certain activity,” the paper stated. The document will be submitted to a vote of the entire Council on Sunday...
...recent Wednesday afternoon, Montserrat Vila sat in her Barcelona apartment, waiting for the bullfighters to appear. They were not coming to show off some cape work in her living room. In fact, they were not real bullfighters at all. Rather, the three men, dressed like matadors in garish tight pants and embroidered jackets, were coming to collect a debt...