Word: turmoil
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Since the financial turmoil reached crisis proportions several weeks ago, Rogoff’s views have appeared in The New York Times, The Washington Post, and the International Herald Tribune...
...said.Although financial markets have stagnated for over a year, Harvard has not experienced a drop in fundraising. The University recently announced its second-largest fundraising total in history for the year ending June 30, though Rogers noted there tends to be a delay between economic turmoil and effects on philanthropy.Across the country, other universities are grappling with the question of how this crisis will impact fundraising, said Elizabeth Crabtree, president of the Association of Professional Researchers for Advancement.“We’re all trying to answer that question right now for our individual institutions...
...absent were major banks including Citigroup and Goldman Sachs, which have attended the career fair in the past. OCS’s interim director, Robin E. Mount, explained that many firms have said that the career forum would not be the best use of their recruiting budgets. Despite the turmoil on Wall Street, most recruiters interviewed said that their hiring numbers have not changed. E. Ashley Seybould, recruiting coordinator for the Fidelity Consulting Group, a subset of the large Boston-based investment firm, said that the privately-held company is very stable in the market, despite the feeling that...
...government rescue strategy for the fraught U.S. economy. After intense, partisan negotiations, the core proposal of Secretary of the Treasury Henry M. Paulson’s original $700 billion bailout plan remains largely intact. Originally conceived and announced last week amid unprecedented U.S. bank failure and market turmoil, the bailout plan will appear in front of the House of Representatives this morning. The aim of the Paulson proposal, if passed, will be to inject liquidity into the stagnant credit markets, which must be greased in order to prevent further deterioration of the financial sector. The $700 billion bailout...
...Defense Department was "de-escalate." General David Petraeus, who has just stepped down as head of U.S. troops in Iraq and who in a month will become head of U.S. Central Command, which includes Iraq, Afghanistan and Pakistan, says Pakistan's very existence is threatened by the turmoil along its border with Afghanistan. "Pakistan faces a threat that certainly seems to be an existential threat," he told reporters Thursday in Paris. Echoing a growing Pentagon refrain, Petraeus likened the enemy in western Pakistan to a "syndicate" made up of "some true al-Qaeda, some Taliban, and in between different forms...