Word: felling
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...recession-wracked Western countries, East Asia's export-led nations are proving to be extremely vulnerable to a synchronized global slowdown. Among the tigers, overseas trade is shrinking with frightening speed: Taiwan's exports in January plunged 44% from the same month a year earlier, while Singapore's fell 35% and South Korea's 33%. Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, the worst quarter on record. South Korea's GDP shrunk 3.4% in the fourth quarter, Singapore's fell 3.7% and Hong...
...stated, or par, value. How much less is central to resolving the financial crisis. In early February, Treasury Secretary Timothy Geithner said he wanted to start a public-private partnership to buy up toxic assets. Banks hold tens of billions of dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital the banks need to survive. Geithner and others believe that rescuing banks from these bonds will save them. To do that, the bonds have to be priced to sell...
...ranked at the top of their leagues just eight games into the season? Absurd. The Harvard men’s volleyball team (3-5, 1-1 EIVA) took on its fourth top-ranked opponent in Rivier (21-1, 7-0 GNAC) last night at the Malkin Athletic Center and fell to the Raiders 3-0 (30-16, 30-19, 39-37). Although Rivier may hail from the often overlooked Division III Great Northeast Athletic Conference, the team from nearby Nashua, N.H. demonstrated why it deserves to have the number one label next to its name in the NECVA poll...
...margin, and this weekend the Crimson is looking for revenge. Harvard is in an eerily familiar position heading into the weekend’s meet. Last year’s squad was also 6-1 in dual meets and also faced Princeton as its top competition. The Crimson barely fell to the Tigers in 2008, amassing 1494 points to Princeton’s 1651.5. The Tigers were crowned champion of the Ancient Eight for the third year running.“[The team] feels pretty good [going into the weekend].” Harvard coach Stephanie Morawski said...
...Kelly supports cutting levels of combat troops. He notes that the number of American soldiers in Anbar fell from 38,000 to 23,000 during his tour, and he could have cut even more. And those that remained changed their way of operating, encouraging Iraqis to take the lead while promising that a dedicated U.S. military unit would be standing by if the Iraqis ran into trouble and needed U.S. help. "We've never been called as a quick-reaction force since we started doing this," Kelly said. But Kelly's Baghdad commanders were leery. "I had conversations with...