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...consider the great economic forecaster of our era, former Federal Reserve Chairman Alan Greenspan. On Feb. 26, he warned in a speech that investors couldn't rule out the possibility of a U.S. recession in 2007, noting that corporate profit margins "have begun to stabilize, which is an early sign we are in the later stages of a cycle." Most economists had figured the U.S. was downshifting from a growth rate of 3.5% to about 2%, but few had predicted a recession. Greenspan's warning was particularly chilling because the truth is, the health of the massive U.S. economy...
...When you get this far away from a recession, invariably forces build up for the next recession, and indeed we are beginning to see that sign...
...phone anyone--except his parents and 911, which are never blocked. "It helps kids learn about budgeting and responsibility without locking families into long-term commitments," Neal says. The proposal has intrigued some adult investors, who have put up $27 million in venture financing. The company expects to sign 175,000 customers in the first year...
...South Asian Studies track within Sanksrit and Indian Studies, the fact remains that only six undergraduate non-language courses on South Asia are offered this semester. That courses that spend only a few days on South Asia are accepted for concentration and certificate credit is yet another sign of the weakness in Harvard’s course offerings on the region...
...years, renewable for a further five years. Companies willing to operate in a country with high physical risks - insurgents regularly blow up pipelines and kill contractors - will be allowed to export their oil after paying the government a minimum 12.5% royalty, although there are usually also cash signing bonuses to the government, and most "profit oil," extracted after operating costs are met, would likely go to Baghdad. Regional governments - only Kurdistan has one right now - can sign their own contracts under the law, a dizzying change from decades when Saddam dictated the terms and stifled oil production in Kurdistan...