Word: shocked
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...Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, expects that Asia's central bankers will move towards looser policy to support their economies and head off any possible liquidity shock from the U.S. meltdown. "It's pretty clear that the tightening cycle in Asia is over," says Maguire. Tuesday's market tumble will likely convince policy makers "to be much more accommodating on policy immediately." That may be the only good news in a dark day for investors...
...spoke with Alwaleed in Riyadh on Tuesday, as the world reeled from the shock of the Lehman Bros. bankruptcy. In his offices on the 66th floor of the iconic Kingdom Tower, the prince (a nephew of King Abdullah) seems a world away from the tumult in New York City. But a giant TV screen in his office was tuned to CNBC, and he conceded that his personal worth may have taken a hit with the stocks slide, though he stressed that he was doing well with investments closer to home...
...other than age was work that was abrasive, unconventional and a little unappetizing - Lucas' first solo exhibition was called "Penis Nailed to a Board"; Quinn produced a self-portrait bust made from his own frozen blood. It was also calculating, the kind of work summed up as willing to shock, but sometimes it had less to do with shock than with the enduring British qualities of loathing and anger...
...Harvard officials sent shock waves through academia last December by detailing a new financial-aid policy that will charge families making up to $180,000 just 10% of their household income per year, substantially subsidizing the annual cost of more than $45,600 for all but its wealthiest students. The move was just the latest in what has amounted to a financial-aid bidding war in recent years among the U.S.'s élite universities as they try to ease concerns over staggering tuition bills...
...Agency, he has perfected the look and the attitude of a career spook. He wears a smart dark suit and that inevitable flourish of the house eccentric, a bow tie. Osborne's Olympian contempt for his superiors, his overcareful pronunciation of French words ("mem-wah"), the modest shock value of a Princeton man spicing every sentence with the f-word - all these mark him as hailing from that generation and class of American spies who considered themselves more knowledgeable, hard-thinking and highly pedigreed than the politicians they worked for, yet who managed to miss the collapse of the Soviet...