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...other words, this can't go on forever. Greenspan has since delivered this message repeatedly, but markets paid no attention. Until, suddenly, they did. In a speech and question-and-answer session simulcast from Washington to conferences in Australia, Hong Kong, New Zealand and Singapore on Feb. 26, the former Fed boss repeated his concerns about risk and mentioned in passing that a recession was "possible" in the U.S. later this year...
...next, however, was decidedly unusual. Investors in New York's equity markets woke up, saw that Shanghai had tanked, and had a collective heart attack: they sent the Dow Jones industrial average down more than 400 points, its biggest single-day drop since Sept. 17, 2001-the first trading session after the terrorist attacks of 9/11. The drop in New York, in turn, fueled fear in markets across Asia the following day, and suddenly investors were seized by visions of a rerun of 1997's "Asian contagion," when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow...
...next, however, was decidedly unusual: investors in New York's equity markets woke up, saw that Shanghai had tanked, and had a collective heart attack: they sent the Dow Jones industrial average down more than 400 points, its biggest single-day drop since Sept. 17, 2001 - the first trading session after the terrorist attacks of 9/11. The drop in New York, in turn, fueled fear in markets across Asia the following day, and suddenly investors were seized by visions of a rerun of 1997's "Asian contagion," when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow...
...Arafat. “And [Carter is] bouncing Yasser Arafat’s child on his knees and talking about how wonderful of a man he is.” After calling for “hostile questions” at the beginning of the question-and-answer session, Dershowitz was grilled on a range of issues—including an alleged lack of sympathy for Palestinians and a lack of respect for the former President. Dana A. Stern ’09, president of Harvard Students for Israel, said she was happy with Dershowitz’s style...
...little surprised and politely asked me why. When I told the Quincy House business tutors, they did the same, and then handed me a ten page essay critiquing consulting as the Harvard student’s default dream job. When I went to OCS’s orientation session, they too reminded us that there are lots of other jobs out there, that eRecruiting companies represent only a small percentage of industries...