Word: terme
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...culture of Wall Street has not changed is precisely because we - as in most Americans - are so tied up in it. Our 401(k)s and our pension funds are tied up in Wall Street doing well, even if we don't think this particular system of short-term bonuses and liquid culture is a good long-term strategy. Wall Street's values have reached out to so many corners of people's daily lives that actually changing the system means everyone has to change. (See 10 ways your job will change...
...less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority over the Fed - could bring a "perceived loss of monetary policy independence" that "could raise fears about further inflation, leading to higher long-term interest rates and reduced economic and financial stability...
...stirrups, bending forward and surfing the motion of the horse as it galloped. What happened was, they went faster - 5% to 7% faster between 1890 and 1900, as more and more riders adopted the idea. That's a huge bump in speed in a sport that invented the term "win by a nose." In 1897, riders in the U.K. began picking up the practice, and by 1910, they were moving faster too. (See pictures of the Royal Ascot...
...afraid of, that uncertainty." Li believes it could take 15 years for China to make the yuan a fully convertible currency. Laurence Brahm, a China expert and author of the new book The Anti-Globalization Breakfast Club, seconds this view. Though Brahm believes that China has a long-term goal of making the yuan a top-tier global currency, he says that the major reforms needed may have to wait until new leaders come to power. "During the administration of [President] Hu Jintao, a conservative leadership, I don't think they want to do anything that is too reformist," Brahm...
Even before the confirmation of a new term for President Ahmadinejad, it was always likely that Iran's response to the months-old invitations to talk from both President Obama and the six negotiating countries (China, France, Germany, Russia, U.K. and U.S.) would be wary and tough...