Federal Reserve economists warned in December 2008 that five years could pass before growth revived enough to warrant raising interest rates from near zero, as the magnitude of the economic meltdown dawned on Fed officials.
At BNP Paribas SA’s New York trading desk, Julia Coronado, the bank’s chief North America economist, watched as three words helped undermine the Federal Reserve’s latest attempt to aid the U.S. economy: “significant downside risks.”
Queen Elizabeth II set up traps to make sure palace guards weren’t taking her cashews. Prince William once left voice mails for his future wife Kate Middleton, calling her “babykins” and telling her he’d stumbled into a military exercise where he was almost hit by plastic bullets.
The royal phone directories prosecutors say News Corp. journalists paid bribes to obtain were frequently sold by members of the U.K. monarchy’s staff, the ex-private secretary to the Prince of Wales said.
There are certain writers whose deaths leave us intellectually impoverished. Imagine if Tocqueville were here to explain the Tea Party, or if we could read Solzhenitsyn today on a revenant Russia, or Naguib Mahfouz on Tahrir Square.
Ahmed Algallal, an importer of Kone OYJ lifts in Libya, spent 14 years in the U.K. because his father preferred exile to life under Muammar Qaddafi . “There won’t be another exile for me,” he said. “We win or die.”
Popular protests that ousted long- serving presidents in Tunisia and Egypt this year served as a catalyst for demonstrations against Libya’s Muammar Qaddafi . This timeline tracks Qaddafi’s 42 years in power. He holds no official title and is referred to as “Leader and Guide of the Revolution.”
President Ronald Reagan called Muammar Qaddafi a “mad dog” in 1986 when he ordered air strikes on Tripoli. A quarter century later, it might be the Libyan leader’s fellow Arabs who ultimately broker his downfall.