Word: shorely
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...infighting led the finance minister to resign last month, complaining that he had become "a hostage to politics." The lack of unity on the budget also led the International Monetary Fund (IMF) to delay disbursement of the second installment of a $16.4 billion loan, sorely needed to shore up banks and the wobbling currency...
...These numbers, when combined with a healthy 2007 campaign that saw him hit .313 and earn an Ivy League Honorable Mention, earned Stack-Babich an invite to the Cape Cod Baseball League, a collegiate summer league that doubles as a breeding ground for future professional players. For the South Shore native, who led Xaverian Brothers High School to a state title in 2004, what began as simply a more pleasant step along the road to recovery quickly became a dream come true—a dream complete with major league scouts checking out prospective draft picks and youngsters asking...
Previous funding assumptions “must be reassessed and are unlikely to cover the same things in scale we initially envisioned for Allston,” said Harvard Chief Financial Officer Daniel S. Shore...
...which has already provided $39 billion in emergency loans to shore up Eastern European economies, is discussing a regional bailout package. But the Fund is also struggling; with access to $200 billion in funds, its ability to step in is limited. "So far we've seen disappointing tendencies on the part of Western European governments moving in a more protectionist direction, which is worrying," says Christensen. "But the pressure is increasing on policy makers to find some kind of solution...
...eyes are now on the G20 summit, to be held in London on April 2. "One way to shore up investor confidence and stop the wholesale sell-off would be to get a coordinated response from the G20," says Shearing. "The market is being driven by fear and panic right now, which is what happens in a crisis. They could open up funding for the region through tie-ins with central banks in Western Europe or make available an IMF crisis fund of $500 billion for emerging Europe during the downturn...