Word: hoarding
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Only two things stopped the panic. One was Paulson's move to guarantee the money market funds with a special hoard of Treasury money usually reserved for stabilizing the dollar against other currencies. The other was the announcement Thursday night of the plan to lift the bad loans (and the myriad complex assets made up of them) out of the system and put them, at least temporarily, on the taxpayers' balance sheet. If the deal falls through, the panic will almost surely begin again...
...have developed a showcase ecotourism project: a Peace Park on an island in the middle of the river, where Jordanians and Israelis may one day meet without passports or visas. The Peace Park would also be a concrete way of fighting the mistrust that pushes countries to grab and hoard as much water as they can. "War will not generate water," says Nader Al-Khateeb, the Palestinian director of FOEME. "But peace...
...resistant to selling their stocks for much less than they would get on the international market. That means less rice on the domestic market and higher prices for Indians. As economist Swaminathan S. Anklesaria Aiyar wrote recently in the Times of India, cutting exports is a form of national hoarding: "Governments would like to believe that hoarding by traders is terrible, whereas hoarding by governments promotes the public interest. But the impact on prices is exactly the same. Indeed, when governments start to hoard food out of panic, the panic itself stokes further inflationary fears...
Harvard’s spectacular resources do not simply benefit its own students. Harvard does not have a trademark on intellectual inquiry, nor does it hoard its discoveries. Relevant scientific abstracts can be viewed free of charge through an online database of the U.S. National Library of Medicine; the texts of such discoveries are readily accessible through scientific publications. Indeed, whether in journals, books, or online, nearly all of Harvard’s academic output—from graduate theses to economic policy papers—exist in the public domain. As a result, every dollar that Harvard pours into...
When Third Eye Blind took the stage at Yardfest last spring, the rain-drenched hoard of Harvard students crooned along with the band’s hit, “Semi-Charmed Life.” “I want something else,” the song goes—and students chanted along with the band. But for some, these lyrics carry genuine sentiment: When it comes to the artists that the College Events Board (CEB) chooses to perform at Harvard each spring, many of us wish that we were watching something—or someone?...