Word: stern
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Dates: during 2000-2009
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...metropolis of Karachi killed 13 people and wounded 70. The country is on the verge of economic collapse, its desperate pleas for financial assistance from China and Saudi Arabia last month having been rebuffed, forcing Pakistan to accept loans from the International Monetary Fund - but those loans come with stern conditions limiting government spending, the implementation of which will risk inflaming further unrest. A suspected U.S. predator drone attack in the tribal areas on Saturday - one of dozens in recent months - has further alienated a population already suspicious of U.S. interference. Hardly surprising, then, that Pakistani leaders have reacted with...
...less than a third the size of Citi's, went down, the FDIC immediately flipped the company to JPMorgan Chase. But marrying off Citi was not a viable option. "There isn't anyone to hand Citi to," says Roy Smith, a professor of finance at New York University's Stern School. "This is the King Kong of banks." (See pictures of the global financial crisis...
...Talbots, the conservative women's clothing boutique, whose same-store sales plunged 14% in the third quarter. "In their case it might be an overexpansion problem as they got into men's and children's clothing and then made the acquisition of J.Jill, which wasn't smart," says Neil Stern, senior partner at McMillan Doolittle, a Chicago-based retail-consulting firm. That half-billion-dollar acquisition is currently up for sale, but no one is biting. Meanwhile, outdoor-apparel shop Eddie Bauer emerged from bankruptcy in June 2005 with a $450 million bank loan, which left it highly leveraged...
George T. Frampton, Jr. will be responsible for reviewing the Council on Environmental Quality, Todd D. Stern will review the transition of the White House Office. John D. Leshy ’66 will review the Department of Interior’s transition...
...Some respected voices certainly think so. Nouriel Roubini, a professor at the Stern Business School at New York University, has warned for years of the dangers of a coming financial implosion. "The risk of a hard landing in China is sharply rising," he wrote recently. "A deceleration in the Chinese growth rate to 7% in 2009 - just a notch above a 6% "hard landing" - is highly likely, and an even worse outcome cannot be ruled out at this point." But other analysts, many of whom are China specialists, believe that a range of factors unique to the nation will...