Word: contagion
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...song "Good Morning Baltimore" - cue the audience to the tone and intent. Winokur, with a voice that shouts High School of the Performing Arts in its "Fame" years, gives the "Oh" that diphthong that identifies anyone from Baltimore (or from Philadelphia, South Jersey or Delaware; it's a widespread contagion from which many of us are not cured...
Fortunately, the University is looking into the true cause of the outbreak. EHS director Joseph Griffin quickly sent 11 samples of dining hall food to the Massachusetts State Laboratories. An initial analysis showed no signs of a contagion, with more extensive results expected today. We heartily look forward to learning this information, which is is important to the student body—we need to know whether we should be avoiding our sickly-looking peers or the undercooked pork chops...
...losses. The default, says Nariman Behravesh, chief global economist at DRI-WEFA, an economic consultancy in Massachusetts, was so well anticipated that "foreign investors who wanted to get out got out." And unlike 1997-98, when financial crises rolled around the world, this year shows no sign yet of "contagion." Neither Brazil nor Mexico, the two largest Latin American economies, seems to have been affected by Argentina's woes...
Then there's the risk of what Caroline Atkinson, a former senior U.S. Treasury official now at the Council on Foreign Relations, calls "policy contagion." Duhalde has been critical of the free-trade, free-market policies that, under the tutelage of the U.S. and the International Monetary Fund, Argentina has adopted in the past decade. Last week Duhalde committed his government to "the unrestricted defense of national interests." Said the President: "No one wants a return to the old protectionism, but we need to protect our own." Right now Argentina looks like a great, unenviable mess, but if Duhalde really...
...London's Financial Times, the fact that the crisis had been visibly in the making for years acted to contain any international fallout. "Because the crisis has been predictable," wrote columnist Martin Wolf, "there may be minimal contagion to other borrowers." But Argentina's collapse will sway international thinking on currency convertibility and the debt levels that can be sustained by developing countries, and the role of the International Monetary Fund. "Senior officials at the Fund argue that the Fund is caught in a trap. If it refuses to support the government, it will be blamed for the chaos that...