Word: three-year
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...Privatization has ground to a halt. One of the three big remaining state-owned banks, Halkbank, was supposed to be next on the block, but the government dithered over how to sell it, and now, because of the worldwide financial turmoil, it can't - at least, not for a good price. A September tender for a new nuclear power plant - Turkey's first - was ill-prepared, and turned into a fiasco when all the bidders except for one Russian-led consortium dropped out. A three-year agreement with the IMF under which it would provide Turkey loans of as much...
...German Pope's many gestures of goodwill toward Jews during his three-year papacy was to effectively suspend the internal Vatican process that leads to sainthood for Pius, citing a need for a "period of reflection." Now, however, Benedict appears to have finished his own reflecting on the historical virtues of the Italian Pope who reigned from 1939 to 1958. At a special Mass on Thursday marking 50 years since Pius' death, Benedict praised his wartime predecessor's actions to save Jews and called on Catholics to "pray that the cause of his beatification goes forward smoothly." Beatification...
...That's not good news for Sotheby's. Following the poor sales, the auction house's shares fell 14% on Oct. 6, hitting a three-year low. (Sotheby's was not available for comment.) Nor does it bode well for the regional art market: the Hong Kong auction was its first gauge after the worldwide financial crisis hit last month. "Due to uncertainty in the markets, investors are making selective choices as to where to spend their money," says Shirley Ben Bashat, director of the Opera Gallery Hong Kong...
Adams House Master Judith S. Palfrey ’67, a pediatrician at Children’s Hospital Boston, was named president of the American Academy of Pediatrics late last week. She will serve a three-year term as head of the nation’s largest pediatrics organization in addition to fulfilling her responsibilities as a physician and Harvard professor. To win the position, Palfrey successfully navigated a nine-month-long process that included rigorous interviews and a nation-wide campaign culminating in an election before the 60,000 members of the academy. “Because you?...
...James Madison, Jefferson counted "the perpetual eligibility" of elected officials, and especially a chief executive, as one of two key elements of the proposed Constitution that he didn't like (the other being the absence of a Bill of Rights). But while the Articles of Confederation limited delegates to three-year terms, similar provisions were omitted from the Constitution. Still, George Washington stepped aside after his second term, setting an example that-though it may have stemmed as much from fatigue as ideology-lasted for nearly 150 years...