Word: standardly
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...investors worried the country could face a credit crunch that would restrict lending throughout the economy. Those fears have punished Korean stocks and the country's currency. The won plummeted nearly 10% on Oct. 16, its biggest one-day drop since the 1997 Asian financial crisis. Standard & Poor's last week also put seven South Korean banks on negative credit watch...
...director of sovereign ratings at Standard & Poor's in Singapore, says that it was almost inevitable that Asian governments would have to intervene more directly to stabilize financial markets. That's because massive rescue packages engineered in the U.S. and Europe to support their financial institutions threatened to put Asian lenders at a disadvantage in global markets. "It becomes peer pressure," Tan says. "The more people do it, the more you have to do it. Otherwise, you feel confidence may be lost...
...than others in Asia. To some, the recent upheaval in Korean markets was eerily similar to the country's financial crisis in 1997. Back then, Korean banks also had trouble refinancing borrowings from jittery foreign banks, creating a shortage of dollars that required an IMF bailout. However, Tan of Standard & Poor's says that current conditions are vastly different than those of 10 years ago. Not only are Korea's banks much stronger, but, with $240 billion in foreign currency reserves, the country's finances as a whole are in much better shape, Tan says...
...though, there is much danger in all this complacency. Sources from the opinion pages of The Crimson to annual mental health survey testify: Students here are often playing hurt. They see themselves as being held to a standard they can never truly meet, in classrooms, clubs and conversation—yet onward they plunge. The Harvard ideal, which administrators and tabletop fliers insist is unreal, means staying functional with rioting nerves, staying charming with crippling doubts, working though every impulse insists on slowing down. Just as the Ad Board sentences, so do its little disciples judge and admonish, themselves...
When I heard on the news that Ruslan had been killed, I called an acquaintance. We both respected Ruslan and were saddened by his death, but we also confessed to each other that we did not feel shock. Political murder has become such a standard part of life here that nobody is surprised anymore. Five years ago, my friend Yuri Shchekochikhin, a journalist and a member of the Duma "mysteriously" died (most likely poisoned). He ran afoul of politicians and business interests alike and received death threats constantly. Officially, prosecutors said he died of an allergy, but his family...