Word: turmoil
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...Europe. As ministers for the G-7 group of industrialized nations meet in Washington today to discuss the crisis, Japanese officials in particular are expected to offer up guidance to their Western colleagues. "Japan can be of help by letting them know our experience of struggling" with economic turmoil, Japan's Finance Minister Shoichi Nakagawa told reporters Tuesday...
...World Bank officials are meeting in Washington on Oct. 13 to search for solutions to the current crisis. But the IMF's role will be limited, because the financial turmoil is global. The organization might be able to lend a hand in specific situations. On Thursday the IMF announced it was restarting an emergency lending program that had been active during the 1990s Asian crisis for developing countries. The IMF has already sent a mission to Iceland, which is suffering from a financial meltdown. "All kinds of cooperation has to be recommended," IMF managing director Dominique Strauss-Kahn told reporters...
...some countries there is a fear far greater than an economic recession: political turmoil. Iran, which earns 80% of its revenues from oil exports, set this year's budget on the assumption that oil would trade at $90 a barrel - a figure which seemed conservatively low until recently, but which is now above the world price. "If the price stays there a while Iran would cut spending," Priddy says. That might include cutting heavy gas subsidies for Iranian drivers, who have rioted in the past when the government tried to ration gas or raise the price at the pump. Hugo...
...said. The three-day event, which costs $1,500 per person, currently has a waitlist of over 250 individuals, according to Stephanie Goff, director of alumni relations at the Business School. She said that the Business School began advertising to the alumni 18 months ago. And despite the market turmoil, Goff said that she wasn’t worried about a dropoff in attendance. “We’ve seen the normal level of dropoff that see for an event of this size, but nothing more than that,” Goff said. “We will...
Despite the market turmoil of the past year, university endowments have tended to perform well, an unusual point explored in a new Harvard Business School study...