Word: turmoils
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...likely that investors will be reluctant to bet on nascent signs of improving credit so long as the housing market remains in turmoil. On Wednesday morning President Obama and Treasury Secretary Timothy Geithner will appear at a high school in Arizona to unveil their new plan to stem the tide of housing foreclosures. The financial community's response to that plan will likely be writ large in the stock market averages by late morning...
...animosity between these two competitors, the private Clearinghouse and the public Fed, ensured the failure of the Fed’s intervention in March 1933. At the beginning of March, $700 million were withdrawn from banks, plunging the Dow to only 50 points. In an effort to avoid further turmoil, New York Fed Governor George L. Harrison contacted Clearinghouse Chairman George W. Davison about declaring a bank holiday. With no incentives to act despite the damage this holiday might do to bank reputations, and with much criticism from an increasingly populist Congress, the Clearinghouse had no reason to partner with...
...this depression, no one should feel that their identity—sexual, political, religious, or otherwise—must remain closeted in order to protect their job. We cannot allow this archaic atmosphere of discrimination to exist in the Harvard community, especially not during this critical period of economic turmoil...
...pictures of the latest turmoil in Gaza...
...result could be the worst possible outcome for Israel, guaranteeing weeks of political turmoil ahead and stalling any attempts by U.S. President Barack Obama's Administration to restart Middle East peace talks. Whoever comes to power in Israel is likely to be tugged in different directions by combative coalition partners. In the past, smaller parties have held governments of both the right and the left hostage to their narrow, self-serving agendas. (See pictures of heartbreak in the Middle East...