Word: terme
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...world into crisis. Bonuses are just one aspect of the larger issue of moral hazard that has been raised over the past year, as governments and central banks have spent tens of billions of dollars of taxpayers' money to rescue financial institutions whose recklessness in the name of short-term profiteering is at the root of the trouble. For all the recent signs of improvement, the financial situation is still far from normal. Some huge financial institutions, from AIG to Royal Bank of Scotland, remain on government life support. Jürgen Stark, a board member of the European Central...
...example, Chancellor Angela Merkel promised tough action to bring down the budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis is bound to be exacerbated by a sovereign debt crisis...
...decades that followed, there were battles - with drillers, ranchers, developers - over and over (and over: The National Parks is gorgeous, but at 12 hours, it sometimes gives new meaning to the term geologic time). When FDR created Jackson Hole National Monument in 1943, a Wyoming Senator likened the plan to Pearl Harbor, while a local journalist compared it to Hitler's Anschluss. See pictures...
What stunted Wikipedia's growth? And what does the slump tell us about the long-term viability of such strange and invaluable online experiments? Perhaps that the Web has limits after all, particularly when it comes to the phenomenon known as crowdsourcing. Wikipedians - the volunteers who run the site, especially the approximately 1,000 editors who wield the most power over what you see - have been in a self-reflective mood. Not only is Wikipedia slowing, but also new stats suggest that hard-core participants are a pretty homogeneous set - the opposite of the ecumenical wiki ideal. Women, for instance...
...hope that I will be such a good fit at Harvard that it might be a long-term phase of my career,” Kirwan said...