Word: ren
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...number of economists and policy analysts believe Caballero makes a lot of sense. Alex Pollock of the American Enterprise Institute says it's clear the foreign investors who bought the bonds of mortgage guarantors Fannie Mae and Freddie Mac served to fuel the housing bubble. Ohio State University professor René Stulz, who has studied the financial crisis, says Caballero has hit on a critical contributor. Says Stulz, "Investors looking for safe investments in the U.S. created a demand for new products that caused our financial system to work differently from how it had worked in the past...
...year since the crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
...drive against them, have increasingly begun to refine cocaine in Ecuador rather than just smuggling it. Ecuadorian police have discovered numerous drug labs near the borders with Colombia and Peru as well as on farms deep inside the South American country, including one just west of the capital, Quito. René Vargas Pazzos, a retired general and former ambassador to Venezuela, rented a farm to a FARC commander, the report says. As a result, Huerta warned that Ecuador faces the same corrosive influence from the drug trade that neighboring Colombia has suffered for decades...
...Caesar in their remote village on the Brittany coast - the only part of ancient Gaul never conquered by the Romans. The latest episode in the pair's comic-strip adventures was released in France last month to coincide with the 50th anniversary of the first Asterix story, written by René Goscinny and illustrated by Albert Uderzo for the magazine Pilote. The new book, Asterix and Obelix's Birthday: The Golden Book, is the 34th in a series that was originally created as a way to keep American comic strips such as Superman and Archie from taking over France. These...
...damage agriculture in developing countries. As long as these policies are not changed fundamentally, all efforts to develop a global policy for agriculture and food security will be largely wasted. The cause of the threatening food crisis, and its solution, are almost exclusively the responsibility of the West. René van Slooten, MAARSSEN, THE NETHERLANDS...