Word: returns
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...which grew at impressive rates following their deregulation in 2000. Much of the borrowing for these banks and Icelandic society more generally came from the continent, where rates were especially low. The money would then be converted into the local currency, the krona, and invested for a higher return in real estate and business both in and beyond Iceland. The result is what economists call “carry trade”—currency arbitrage and speculative investment highly susceptible to liquidity crises. Whereas banking sector assets accounted for 96 percent of GDP in 2000, they were over...
...down, a Tiger and a Crimson special teams player tussled and pushed through Berry’s halo and into the senior. The ball came loose and was recovered by Princeton at the Harvard 20. Yes, a flag flew, as it should when there is interference on the kick return. But as I feared in the back of my mind, the flag wasn’t for interference. Illegal block in the back, they called—against Harvard.As the other writers and I tried to understand the call, we could see Murphy livid on the field and the coaches...
Even the famous are working feverishly to cash in. Paul Krugman, who just won the Nobel Prize for Economics, is having one of his backlist titles brushed off and reissued with revisions. Publisher W.W. Norton & Co. is lengthening the title of 1999 book The Return of Depression Economics with an appendage: ... and the Crisis of 2008. Krugman has agreed to write three new chapters, revise two and eliminate two. He started writing two weeks ago in order to make the release date...
They met one evening at Friday night services and spent the weekend getting to know each other. But three days later, Sufrin had to return to California, marking the beginning of a long-distance relationship that lasted eleven months...
...than soften their position, Chinese officials seemed to grow more aggressive since the middle of this year, most recently stating in July that the talks were not about the future of Tibet but about arrangements for the Dalai Lama's own future, including when he might be allowed to return to China. "That's exactly what caused the collapse of talks all the way back in 1985," says Barnett. "They must have known what would happen if they humiliated him that way again." Once they had returned to that phraseology, Barnett says the Dalai Lama had almost no choice...