Word: depressions
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...familiar tale. What Dora wants and needs most is reliable electricity and water. Yet Hamad says not a single government official has shown up in Dora while he has worked here. "Our officials only care about themselves," he said, in the sort of resigned phrase that should depress any U.S. leader. "They are only in power for four years so they make as much money as they can and then plan to flee the country. What we need is a dictator...
...emphasized that, despite being the world’s wealthiest institution of higher education, Harvard would not make it through the downturn completely unscathed. Faust added that resources are being allocated to cope with the situation. “This University has survived revolutions, [a] civil war, downturns, and depressions, for more than 370 years, and our endowment enables us to pursue our ambitions over the long term with great consistency,” Faust said. “But the world is enveloped in a serious financial crisis, and we are not an exception.” Speaking from...
...affluence depended on America’s financial health. On Black Monday in 1987, stock markets around the world crashed as if by coordination. Plausibly, the U.S. crisis has so far been, in medical terms, “subacute,” but credible signs of exacerbation might soon depress the mood of even the darkest pessimists. September 29, 2008 is already featured in databases listing the most significant days in the stock market’s history...
...favored a 100-year presence there. And so he backpedaled, calling a 16-month withdrawal plan supported by Iraq's Prime Minister a "pretty good" timetable. Bush's new tactics may complicate the calculations of Obama as well. Even a symbolic troop drawdown in Iraq before the election could depress antiwar sentiment among Obama's most loyal voters. Obama knows that as troops are withdrawn, Bush's approval ratings will rise--giving Republicans up and down the ballot a possible boost. That bump will be far larger if bin Laden is captured or killed...
...hundreds of billions of dollars will be given out, free, to industrial greenhouse gas emitters, rather than auctioned off. The act also allows companies to meet part of their carbon caps using offsets, even as scientists increasingly question the effectiveness of such carbon trading. Both measures are likely to depress the price of carbon over the life of the bill. (The lower the real price of carbon, the less effective any cap-and-trade system will be in stimulating investment in low-carbon technology.) "I'm for the cap," says Peter Barnes, an entrepreneur and activist who supports a system...