Word: interests
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...points marked its lowest level since 1982. Hong Kong's Hang Seng was down 12.7%, its biggest single-session drop in 17 years. Other Asian indices suffered more modest declines, but all were down besides South Korea's Kospi, which was up a modest 0.8% due mostly to an interest rate...
...lend $16.5 billion to cash-strapped Ukraine, and said a major impediment to providing emergency funding to Hungary had also been removed. In Asia, meanwhile, the central banks of Australia and Hong Kong safeguarded the liquidity of markets with new injections of funds, while South Korea cut its key interest rate by three-quarters of a point in the hopes of countering slowing economic growth...
Economist David Levy, chairman of the Jerome Levy Forecasting Center, says economic downturns up to and including the one in 1982 have largely revolved around temporary shocks to the economy such as high oil prices, backed-up inventories, lofty interest rates and other problems responsive to sharp correctives - after which unemployment rates eased in step with other recovery indicators. More recent recoveries from economic downturns, however, have tended to go forward without major gains in employment, a reflection of the fact that the underlying economic problems of modern recessions have been more complex and therefore more difficult to solve. Levy...
...focus, according to David J. Blum, the new editor in chief of 02138. “We were redesigning the entire magazine basically from scratch,” Blum said. Although it still addressed an audience of Harvard alumni, 02138 tried to focus more on issues of national interest, according to Blum. Previously, one of the magazine’s most popular stories was “The Harvard 100,” a list of Harvard’s most influential alumni. In contrast, the final issue—and the only one ever produced by Manhattan Media?...
...weeks of behind-closed-doors deliberations, parliament unanimously adopted a resolution urging a resumption of dialogue with the militants, and an end to military operations "as early as possible". Although the parliamentary debate reflected the power plays of a political culture in which parties rarely put the national interest above their own, it also reveals a profound difference in perspective even within the ruling coalition - Zardari's allies in the religious Jamiat Ulema-e-Islam party demanded an end to military operations against the militants...