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Harvard played without missed standout sophomore winger Sarah Vaillancourt, who was touring abroad with Team Canada. Vaillancourt’s absence placed more of the onus on Chu, who finished with a goal and an assist, to instigate the offense...

Author: By Jonathan Lehman, CRIMSON STAFF WRITER | Title: Rusty But Effective Women's Hockey Fells Tigers | 1/7/2007 | See Source »

Others are dedicated to furthering the growth of globalization, in order to reduce poverty and want throughout the world. Still others are interested in the economics of education and health care both in the U.S. and abroad. Even those who look forward to being wealthy masters of the universe on Wall Street will be providing essential services to society...

Author: By Charles R. Drummond iv | Title: Talking Like an Economist | 1/6/2007 | See Source »

...liquidity. Thanks to global integration and financial innovation, higher short-term interest rates have not translated into monetary tightening. On the contrary, the world economy has been swimming in credit of every conceivable kind. Money-supply figures for the U.S. understate the phenomenon because billions of dollars flow abroad every month to finance the American trade deficit. The world's central banks control about $5 trillion of reserves. This in turn has raised monetary growth rates. The total value of commercial-bank assets worldwide is close to $56 trillion, and bank loans are only one of the many forms credit...

Author: /time Magazine | Title: The Next Meltdown | 1/5/2007 | See Source »

...barely a day before the Shi'ite-Sunni war resumed in earnest, with scores of Iraqis killed in bomb blasts across the country. Among Sunnis, the images of Saddam's hanging sparked new anger at the Shi'ite-led government. In the face of growing outrage at home and abroad, the Iraqi government launched a probe into who shot the video of the execution and how it was leaked, allowing Saddam to dominate the headlines for days after his death...

Author: /time Magazine | Title: Saddam's Second Life | 1/5/2007 | See Source »

...part, the interim government's financial team maintains that Thailand's economy needs such safeguards against destabilizing foreign forces. With unprecedented capital inflows pouring into Thailand, the baht hit a nine-year high in December, making the country's exports more expensive abroad. Meanwhile, other export-reliant nations like China have kept their currencies' appreciation to a minimum, prompting the Bank of Thailand to unveil its ill-fated capital controls. "I've told the International Monetary Fund that they really need to consider restructuring the world financial system because of these imbalances that are hurting small, open economies," says Bank...

Author: /time Magazine | Title: The Trouble with Thailand | 1/4/2007 | See Source »

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