Word: stockely
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...Current Economic Slowdown: Causes and Consequences”—was hosted by the Harvard economics department and intended to explore the recent downturn with “no Harvard politics, just real-world substance,” department chair and moderator James H. Stock wrote in an e-mail. The panel featured Rogoff, an economics professor and former research economist for the International Monetary Fund, and John Y. Campbell, an economics professor and expert on capital markets. The panelists expressed pessimistic views about the economy’s current situation, as well as worries about the future...
Emergency Food Assistance: The program, which pays to stock the country's emergency food banks and pantries - such as the Food Bank for New York City or America's Second Harvest - could get up to $250 million in annual funding, up from $140 million a year. Advocates for low-income Americans say the bump is a response to demand: more and more people are depending on nonprofit distribution centers for food in today's sluggish economy...
...regulators are taking steps to turn things around. Late Wednesday, the Chinese government announced to a cut in the stamp-duty tax imposed on stock transactions, from 0.3% to 0.1%, and Thursday's market surged by 9.29%, its biggest gain in six years...
...China's small investors might need a lot more to be reassured. In the CITICS stock market, the mood is boisterous but uncertain. Fang Lin, 66, thinks the market is going to go down very quickly. "I will sell all my stocks this afternoon, even though I will still lose money." Like Fang, millions of Chinese small investors have put their life savings into the market that has risen 600% over the last two years. Dong Tao says: "Many Chinese investors used to think China's stock market is like an ATM machine. You type your password in and money...
...everyone is in a hurry to return, however. Lu Fanglin's investment last August brought him more pain than profit. Over six months, his investment in the stock market shrank from $28,500 to $17,100. He pulled out completely in January. "Anyone who has gone through the last few months could feel nothing but hopeless," Lu says. "I won't get near to the stock market for the rest of my life...