Word: royal
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Dates: during 2000-2009
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...lonely bears in the wilderness. In his new book and in recent newspaper interviews, former U.S. central-bank chairman Alan Greenspan has been emphasizing that prices for Chinese exports have started to rise, which will contribute to a revival of global inflation. Ben Simpfendorfer, China strategist for the Royal Bank of Scotland, puts it succinctly: "Where China was a deflationary influence over the last 10 years, it will be an inflationary influence over the next 10 years...
...centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation. "As low-income earners enjoy higher incomes they tend to spend money," says Simpfendorfer, the Royal Bank of Scotland economist. "Ultimately that's an inflationary story." Political considerations can also prevent officials from taking aggressive, timely action, says Albert Keidel, a senior associate with the Carnegie Endowment for International Peace and a former Beijing-based senior economist for the World Bank. "It's better to nip inflation...
...week wasn't all sweet. Between the creation of StatoilHydro, as the company is known for now (the firm is still mulling over a permanent name change), and the royal ceremony, Reiten was generating headlines of his own. On the day of the merger, StatoilHydro announced it had launched a probe into the legality of approximately $7 million in consultancy fees and expenses Hydro paid as part of its oil operations in Libya. Although it has not disclosed the name of the consultancy Hydro paid or what laws it might have broken, StatoilHydro said the payments came to light during...
...came of age in the last years of an era of great English portraiture, of Thomas Gainsborough, Joshua Reynolds and George Romney, when the British gentry were eager to be commemorated in the full regalia of the ruling classes. The elderly Reynolds was still president of the Royal Academy when the 14-year-old Turner was admitted to the Academy's school. But Turner would have been a disaster as a portraitist. He could draw as well as the best of them. In watercolor he could produce something like molecular detail, notwithstanding that one of his typical techniques...
...page letter - entitled "A Common Word between Us and You" - is addressed to Pope Benedict XVI, Archbishop of Canterbury Rowan Williams and 25 other named Christian leaders and "Leaders of Christian Churches, everywhere". Organized by the Royal Aal al-Bayt Institute for Islamic Thought in Amman, Jordan, it's the first time so many high-profile Muslims have come together to make such a public call for peace. Launched first in Jordan this morning, and then in other countries over the course of the day, the letter gets its final unveiling at a joint press conference in Washington, D.C., this...