Word: rosee
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...Despite interest-rate cuts last week in the U.S., Europe and Asia, businesses throughout the world are finding it nearly impossible to borrow and money-market rates remain abnormally high. In Hong Kong, for example, the one-month interbank offered rate, the benchmark for short-term bank lending, rose to 5% last week even as the city cut its policy rate from 3.5% to 2.5%. Banks remain leery of lending in the face of further financial-industry failures...
...Haider joined the nationalist Freedom Party in 1976, and rose to become its leader in just ten years, ending the party's brief flirtation with liberal ideas and strengthening its nationalist roots. Political analysts praised his oratorical skills and manifest charisma as well as his talent for reducing complicated political and economic problems to easily recognized root causes. He espoused anti-immigrant positions and attempted (unsuccessfully) to prevent Austria from joining the European Union in the 1990s. In a country reluctant to acknowledge its role in Nazi atrocities carried out during the Second World War, he also repeatedly hinted that...
...nonprofit sector, just as there have been in the business world. Ultimately, though, Americans will need to depend on the generosity of Americans. And the hopeful surprise is that in past recessions, donations to human services, like feeding the hungry, fell the least; in some downturns, they even rose. "That says something good about us as human beings," says Del Martin, who chairs Giving USA. We'll need a bull market in goodness...
...stalling the global economy. Under normal circumstances, interest-rate cuts by central banks would promote interbank lending. But Wednesday's coordinated rate cuts in the U.S., Europe and Asia have failed to restore lenders' confidence. The London Interbank Offered Rate, the benchmark for short-term interbank lending rates, actually rose to 4.75% Thursday, its highest level of the year. In Hong Kong, interbank lending rates have doubled in the past month. Banks remain gun-shy about resuming lending, in part because they remain unclear about the scope and details of a proposed U.S. bailout of its banking industry. "The level...
...yearlong celebration of the school’s founding in 1908, according to senior associate dean John A. Quelch. Alums will have the opportunity to choose from over 50 panels on topics ranging from social enterprise to agribusiness, attend keynote addresses by Gates and journalist Charlie Rose, and network at social events in the greater Boston area. Though the Business School held a celebration for current students on April 8 to commemorate the day when Harvard officially voted to establish the Business School, this weekend’s summit is in honor of the beginning of the school?...