Word: threatener
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...words rather than deeds, on the global economic stage by taking a step toward making the yuan a global currency. "A lot of this is symbolic," says Citigroup's Chua. "China wants to be a player." And one sure way to be a player, as everyone knows, is to threaten to quit the game...
...this timeframe, Nicholas said. Red line trains bypassed the Harvard Square station for those two hours, a transit worker said, and all Harvard Yard gates along Mass. Ave from Johnston Gate to the Widener gate were also closed, according to Harvard security personnel. The last bomb scare to threaten University property occurred in February 2000, when a phoned-in bomb threat and reports of a suspicious smell caused the evacuation of two Harvard Extension School buildings. —Staff writer Emily J. Hogan can be reached at ejhogan@fas.harvard.edu...
...German Chancellor Angela Merkel has said she does not want to be bogged down by "artificial discussions" of fiscal stimulus, and like many of her peers would prefer to focus on fashioning a new regulatory structure to make sure the excesses and abuses that precipitated the crisis don't threaten the global financial system again. Other European leaders have also voiced skepticism over new discretionary-spending plans, arguing in part that the social safety net in Europe will automatically increase spending to handle much of the downturn...
...power to seize financial firms that are on the verge of collapse is already the most controversial new provision. Under Geithner's plan, the companies would have to be so big and in such bad shape that their insolvency could threaten the financial stability of the U.S.; if they are, the boards of the FDIC and the Federal Reserve, in consultation with the Treasury Secretary, could decide either to bolster them with financial assistance or to seize them and break them into parts...
...while social unrest itself is unlikely to threaten the Communist Party's dominance, with the Hu administration so heavily invested in social harmony, it could become vulnerable to infighting if grassroots unrest gets significantly worse. Scholar Min Xinpei of the Carnegie Endowment for International Peace in Washington D.C. argues that the real danger for China is likely to come from discord among the top leadership rather than street demonstrations. As Pei writes in a recent Foreign Policy article, internal Party turmoil could render authorities "less capable of containing social instability and thus creating a vicious cycle of events that could...