Word: thursdaying
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...times of tumult, it is only human to look for answers, and on Thursday there were plenty of story lines to account for the pain. Financial companies, the bêtes noires of the global economy, were at it again, led by Morgan Stanley, off 22% after speculation about the status of planned investment. Or perhaps the trigger was General Motors, down 31% in the wake of being put on watch for a possible credit-rating downgrade, signaling that the broader economy is on much shakier ground than everyone thought. Or could it even have been the much vilified short...
Christina Davis, the new curator of the George Edward Woodberry Poetry Room, addressed a welcoming crowd last Thursday by saying, “It is an honor to bear the title, ‘curator of poetry,’ which seems to sum up in seven syllables my relationship with poetry—‘to care for’ poetry.” There has been a year-long lull during which the books, broadsides, pamphlets, and recordings of the Woodberry collection have been without a permanent curator. With this in mind, Davis has arrived with plans...
After an epic five-day swoon, Asian stock markets stabilized Thursday as investors took heart from a string of worldwide interest-rate cuts aimed at lessening the risk of a global recession...
...China may cut rates two or three more times this year, Lu predicts, following a pattern established during the 1997 Asian financial crisis when the country used aggressive monetary policy to maintain economic growth. On Thursday Hong Kong, a Chinese territory, reduced its lending rate for the second time in two days, dropping it by 50 basis points to 2% amid what Monetary Authority chief Joseph Yam called "the financial crisis of this century...
Pope Benedict XVI's mostly warm but sometimes chilly relationship with the worldwide Jewish community may have just hit a major ice patch. On Thursday, Benedict put his moral weight (though not yet his signature) behind the cause for sainthood for Pope Pius XII, the wartime Pontiff who many Jewish leaders criticize for not having done enough to oppose the Holocaust...