Word: june
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...South Korea's government announced it would guarantee external borrowing by Korean banks through June up to a total of $100 billion and to inject a further $30 billion into financial markets. The steps are aimed at alleviating growing difficulties Korean banks have faced getting U.S. dollar financing from skittish international banks. Korea's move followed the lead of other Asian governments. Last week, Hong Kong, Singapore and Malaysia guaranteed all bank deposits, part of a larger effort to rebuild confidence in financial markets. A half dozen Asian central banks, including China's, have cut interest rates in recent weeks...
This all comes at the worst possible time. Even as buyers refused to bite, inflation passed into double digits in June this year, raising prices of construction material. Realtors overran their budgets and projects stalled, leaving skeletal structures dotting the landscape in big and small cities all over the country. Then came the liquidity squeeze, as the government sponged away cash from the system to control inflation. Home-loan rates went from about 7% to 12% and higher. People who bought struggled to pay, and potential buyers kept away...
...Staff writer June Q. Wu can be reached at junewu@fas.harvard.edu...
...They still could, of course. McCain, whose Friday visit was his first to Florida since June, plans to make a big push there these last two weeks. "I don't really think he's behind," says Allison DeFoor, a member of McCain's Florida advisory board. "I don't see the [poll] math, frankly. But if there is one thing the McCain campaign is very good at, it's knowing when the election is," he adds, noting McCain's come-from-behind victory in the Florida primary. "He's a closer." Republican political consultant Cory Tilley, a top aide...
...team. “The team atmosphere is really what keeps you in it. It’s a bond that’s really hard to break,” Schreck said. “You build it up from September 15 when you start school to June 20 when you race Yale…You’re doing something that many people think is monotonous or tough…but you go through that together.” Following its victory two weeks ago at the Head of the Oklahoma, Harvard’s sights...