Word: worldly
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...national anxiety. President Obama has called for independent commissions to seek ways to reduce spending. The media are filled with talk of America's path of financial suicide; economists warn that the debt crisis in Greece is a dry run for the cataclysm that awaits America and the world as U.S. deficits and debt balloon...
...which means interest payments will too. According to this school of thought, as our debt grows, lenders will be willing to take the risk of giving more money only if they can get more in return. And yet with the rise of China, India and Brazil, the world is awash in money looking for safe places. Even with the U.S. economy weak, the dollar remains one of the few truly safe havens, and that means interest rates could stay low for a very long time, which in turn means that our debts - however big - can be managed...
...News and World Report released its rankings of the Most Popular Colleges earlier this month. Harvard was named the second most popular university, trailing Brigham Young University for the top slot...
...Thailand's recovery from the world recession has recently picked up steam, with Finance Minister Korn Chatikavanij garnering the Finance Minister of the Year Award from British-based magazine the Banker. But farmers have been complaining that rice prices have been falling and that they have not been benefiting from the recovery as a result...
...criticizing are in many respects what China has pursued for years. The renminbi has been pegged against the dollar since mid-2008, and overseas economists say the currency may be undervalued by as much as 40%. Trade is a key component of economic growth for China, the world's largest exporter, and the government is wary of any sort of collapse that could contribute to unemployment. Efforts to boost exports, including the currency peg, helped Chinese manufacturers weather the worst of the global downturn last year and grab more market share from some competitors. Last month, Chinese exports grew...