Word: summers
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...Japan watcher Richard Katz points out in the latest Foreign Affairs, it took the Bank of Japan nine years to bring the interest rate that banks pay on overnight money to 0%; the U.S. Fed managed that in 16 months following the beginning of the credit crisis in the summer of 2007. Japan - in desperate denial about the plight of proud companies - long delayed using public money to recapitalize banks. The U.S. starting doing so within a year of the crisis's start...
Bankers get that. Since last summer, at least 30 groups have filed to start new banks, according to SNL Financial. From Richmond, Va., to Tulsa, Okla., to Pacific Palisades, Calif., community bankers are hitting the pavement, raising funds a few hundred thousand dollars at a time from stock-market-wary investors. It's not an easy sell, and regulators, spooked by the wave of failures, are making it tougher than ever to win approval. For entrepreneurs who can run that gauntlet, though, the stars are aligned for small independent banks in a way they probably never will be again...
...peak; many growers will be lucky to break even this year. Meanwhile, a drought led Governor Arnold Schwarzenegger to declare a state of emergency on Feb. 27. Some almond farmers didn't even rent bees this year, figuring they wouldn't have enough water to irrigate their trees all summer. Ironically, it's been rainy around Hughson, cutting hours for active pollination short. This area's almond crop may suffer. Regardless, growers have few choices. "I'm in it for the long haul," says Jim Hudelson, a fifth-generation Hughson almond farmer. "When you become a tree farmer, you have...
...working in Ghana. As I maneuvered through the crowds, I noticed that I was being greeted with a familiar name: “Obama! Obama!” Yes—that Obama. My engagement in the U.S. presidential election was not lessened because I was in Ghana this summer, but it was actually heightened by the opportunity to view this watershed historical moment through a Ghanaian lens. Being an American in Ghana meant an inevitable association with Obama, and I had the chance to talk politics with the Ghanaian university students who planned to stay up through the night...
...students. “Hair” is directed by Diane M. Paulus ’87, artistic director of the American Repertory Theatre. Generally considered the definitive rock musical, “Hair” debuted at The Public Theatre in 1967, where it returned this past summer for a successful run—also directed by Paulus—before it moved to its current home on Broadway.In an attempt to forge a connection with students involved in theater, Paulus provided the tickets. “Diane Paulus is really passionate about wanting to strengthen ties with students...