Word: foreign
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Dates: during 2000-2009
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...analysts say Citi's rush to repay the assistance it got through the government's Troubled Asset Relief Program (TARP) will make the bank weaker, not stronger. The move will reduce Citi's capital ratios and hurt earnings; it may also accelerate a retreat of foreign investors from the company's shares. Worse, the government is demanding stricter terms from Citi than it did from Bank of America on the repayment deal it struck just a week ago. The different treatment shows that the government remains more concerned about Citi's finances than those of its rivals...
...firm Institutional Risk Analytics, thinks the problem with Citi's repayment has less to do with capital ratios and more to do with waning confidence in the bank around the world. In early December, the investment arm of the government of Kuwait sold its entire investment stake in Citigroup. "Foreign investors like to see the government's stake in Citi," says Whalen. "If the government gets out, investors around the world will flee...
Complexity is the mode of the second author, Theodore Roosevelt Malloch, whose book Thrift: Rebirth of a Forgotten Virtue may be tough sledding for the non-Ph.D. reader. Malloch, who has held positions at the U.N., the Senate Committee on Foreign Relations and the State Department, writes with passion in an ambitiously academic style. He examines the history of the concept of thrift--the root of the word is an Old Norse verb meaning "to thrive"--citing the contributions of the Scots and Calvinists. Malloch, like Farrell, considers frugality a moral imperative as well as an economic necessity. "Thrift...
...Chinese classic Dream of the Red Chamber is a monumental work still found in libraries and bookstores around the world. What makes his endeavor more remarkable was that it was completed during the 1966-76 Cultural Revolution, when scholars were targeted for their interest in Chinese tradition and foreign learning. Yang, who died Nov. 23 at 94, spent four years in prison at the height of the upheaval, as did his wife Gladys, whom he met while studying at Oxford in the late 1930s...
...reached a crisis point.” Rather than hold Israel accountable, the Harvard Middle East Initiative provided one of its official spokesmen a platform to defend the indefensible actions of “Operation Cast Lead.” Oren jokingly quoted Israeli Prime Minister Benjamin Netanyahu, the foreign minister Avigdor Lieberman and others as telling him that he will have “a very hard job” as Israel’s ambassador...