Word: steined
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...Locavores vs. Distavores I'm sorry that the local-food movement is cramping Joel Stein's style [Jan. 21]. But just because 100 miles (160 km) has been used as an arbitrary procurement distance doesn't mean that people who try to eat locally walk around the supermarket with a GPS unit. I still enjoy bananas and coffee, and I have no problem drinking beer that comes from - gasp! - California. The point of eating locally is to become more familiar with our food. It's nice to hear a farmer say that my rib-eye steak came from...
...stench of fear," says David Buik at London brokers BGC Partners. The list of those investors' worries is growing. Despite a $150 billion package of tax cuts and other economic stimulus unveiled by President Bush last Friday, a recession in the U.S. remains "more likely than not," says Gabriel Stein, chief international economist at Lombard Street Research in London. The reason: markets can still only guess the scale of losses incurred by banks caught up in the collapse of the U.S. subprime mortgage market. With those banks themselves still somewhat in the dark - even after writing down tens of billions...
...growth in Asia isn't enough to protect its markets against the effects of a U.S. recession. So while shares in China soared last year, "the idea [it] can decouple and not be affected by what happened in their most important export market [the U.S.] was always rubbish," says Stein, so long as domestic consumption can't make up for any shortfall. And neither is Asia resistant to fallout from the subprime snafu either. Analysts speculated Monday that Chinese banks could soon cough up to huge losses linked to exposure to the U.S. mortgage market. The Bank of China...
...things get in China, it'll be worse in the U.S. By mid-morning Tuesday, the Dow was already trading down 2.6%. Expect 2008 "to be a very bad year for the U.S.," says Stein...
...Stein Clubs are a crucial aspect of the House life that students often ignore in the hustle and bustle of life in Cambridge. The social bonding that they promote must be preserved and not abused by intoxicated students. The College’s ban on hard alcohol at Stein Clubs is therefore not only reasonable, but may even improve the quality of social life that students experience at Stein Clubs...