Word: resulted
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...result, it's unlikely that any of the $1 trillion Obama wants for his "bad bank" will be turned into credit that helps revive business and consumer spending. The main reason is that the North-American economy might be stuck in a classic liquidity trap, first witnessed during the Dirty Thirties when banks began hoarding newly created liquidity as insurance against a further downturn. "The fact is that since the failure of Lehman Brothers every bank in the world has been concerned with beefing up capital to survive the next few years," says Lawrence Booth, a finance specialist...
...true. Harry Elkins Widener ’07, along with his father, died on the Titanic. His mother donated a large sum of money to the school in his name for a library, but stipulated that once Widener Library was built, its facade could not be altered. As a result, a walkway built between Widener and Houghton was made to go through one of Widener’s original windows. The odd crossing was eventually torn down for safety reasons.Lamont Library was built in 1946, in the name of Thomas W. Lamont, class of 1892 and then-chairman...
...Bush (whom Chávez accused of backing a failed 2002 coup against him). But anyone who has ever sat down with Chávez knows he's a more reasonable personality one-on-one than he is with a microphone in front of 50,000 people. As a result, say Chávez supporters, Obama should rely on the more dialogue-oriented foreign policy he promised in dealing with Chávez. (The President did say on the campaign trail last year that he would be willing to meet with Chávez.) "It was good for Obama...
...year-old woman seeking damages for the 1941 deportation of her father by Vichy forces to Auschwitz, where he was killed. In its decision, the Conseil d'Etat held the French state, as then represented by Vichy, "responsible for damages caused by actions which did not result from the occupiers' direct orders, but facilitated deportation from France of people who were victims of anti-Semitic persecution." (See pictures of Adolf Hitler's rise to power...
...Candela says Murdoch is doing well in Italy. Sky Italia registered earnings of $3.2 billion last year, closing in on RAI ($3.7 billion) and Mediaset ($4 billion). The Berlusconi-Murdoch showdown is the inevitable result of the "convergence" of free and pay television, Candela says, and may finally lead to the end of the 20-year-old duopoly between Mediaset and Rai. "As the TV system reaches maturity, we're now seeing open combat for ratings, profit and talent," says Candela. (Read TIME's TV blog, Tuned...