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...budget. Should the state A) raise taxes or B) cut spending? Democrats, who control two-thirds of the legislature, say the answer is both of the above. But Governor Jodi Rell, a Republican, says raising taxes is the wrong choice. On prudence, Rell scores high: Raising taxes will slow the recovery, so the state should cut spending instead...
...least 15 years, if not more. Why would anti-immigration sentiment become increasingly popular and widespread now? To understand the second aspect of this xenophobia, I draw upon a lesson I learned from Ec10 (words I thought I would never write): Times of crisis, in particular slow economic growth, are bad for democracy. William Joseph Maier Professor of Political Economy Professor Benjamin M. Friedman’s April 6th lecture, “The Economic and Financial Crisis: Also a Moral Threat,” suggested that anti-immigration policy in the U.S. was correlated with times of economic downturn...
...nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures...
...other areas, progress has been slow. In 2005, Masondo announced that by 2009 he planned to rehouse all 215,000 families living in shacks. That deadline has passed, but the shantytowns are not gone. In May 2008 they erupted in riots that killed 62 people and displaced...
Still, Knox's words may yet work against her. Her rosy depiction of the roommates' relationship contradicted testimony from Kercher's friends that the two didn't get along. Speculating on Kercher's slow death--pathologists say she choked on her own blood--Knox called it "yucky, disgusting" and mimicked sounds of choking in a manner that seemed to startle jurors. When asked if she ever thought about the victim, Knox was less than sympathetic. "In the end, I knew her for a month," she said. "And first of all, I'm trying to get on with my life...