Word: regionalize
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Eastern Europe avoided the first wave of banking problems caused by the sub-prime mess, but as the global economy slows and credit dries up, there's plenty to cry about. Many of the region's capitals borrowed heavily to fuel the boom, and those bills are coming due. On Oct. 26, the International Monetary Fund (IMF) announced a $16.5 billion bailout for Ukraine, to prevent a run on its banks and shore up its currency. Three days later, the IMF agreed with the World Bank and the European Union on a $25 billion rescue package to restore confidence...
Much of the growth was financed by cheap money, as Swedish and Finnish banks competed for customers in Europe's fastest growing region. Entrepreneur Lepik recalls firing off an e-mail loan application in 2006 with a "very basic" business plan, and getting approval in less than a week. Private debt across the Baltics rose from nearly zero to Western levels as consumers became hooked on credit. Home buyers and businesses took out mortgages in foreign currencies, which had the effect of worsening already severe current-account deficits. In a peculiarly Estonian twist, companies in the tech-savvy country began...
...satellite voting stations here in Democratic-leaning Lake County, which is just outside Chicago. Republicans have 30 days from last Friday's ruling to appeal the ruling, possibly before Indiana's Supreme Court. Jonathan Swain, an Obama campaign spokesman in Indiana, said roughly 1,000 attorneys from across the region had volunteered to monitor the polls for voter intimidation tactics. - By Steve Gray / Gary...
Still, the challenge of choosing precincts that accurately reflect the broader region remains immense, as does the quest to pull a truly random sample of voters. The 2006 congressional election included a bias for the Democrats once again, and several of the Democratic exit polls during the primary contest between Obama and Hillary Clinton ended up being wrong, even though some of these reforms were already in place. Still, for this election at least, the exit polls do not appear to have gone too far astray...
...Harvard men’s tennis team, fresh off its sweep of the singles and doubles events at the Wilson/ITA Northeast Tennis Regionals, had an impressive run this weekend at the Dartmouth Big Green Invitational in Hanover, N.H. Although the Crimson was not successful in pulling an all-out victory, the squad did see three of its younger players battle through the early rounds to win spots in the semifinals in the Singles (A) Flight draw. Harvard faced off against a number of the top teams in the New England area, including Dartmouth and Saint Francis College, competed. Although...