Word: recoverable
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As Merrill Lynch economist King argues, it's likely that the deflationary forces will intensify as the result of a vicious cycle. As economic conditions deteriorate, bank lending naturally declines because the number of credit-worthy borrowers - whether corporate or individual - shrinks. In other words, financial institutions that got into...
“A country road. A tree. Evening.”Two men, dressed in tattered clothes, stand around, loitering, waiting. “Funny,” one says. “Nothing to be done.” Behind them glows an eerie light, the nighttime glare...
As the No. 26 Harvard men’s soccer team watched Penn celebrate its Ivy League title yesterday, its entire squad shared the same single thought: that should have been us.“We were the better team today, no question about it,” co-captain...
Few people would question whether former University President Lawrence H. Summers has the brains to be President-elect Barack Obama’s Treasury Secretary—after all, he held the same position in the Clinton administration.But when post-election rumors that Obama would tap Summers for the post...
The original Blue Men--Matt Goldman, Phil Stanton, Chris Wink--came together as "sort of a support group for people whose creativity had been all but squeezed out of them by education," says Wink. "At one point, we asked, What if there was a school you didn't have to...