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...Wang notes that the total is small compared with the level of NPLs that Chinese banks carried in the past, she still calls the sum "staggering." Policymakers in Beijing are clearly concerned. Since December, they have introduced a series of steps to cool down the housing market and restrict access to credit by, for example, reintroducing taxes on certain property transactions and raising the required level of cash that banks have to keep on hand in an effort to reduce new lending. (Read "Foreign Luxury Cars: Picking Up Speed in India...
Americans can’t grant consent on legislation when they aren’t given access. When the people of the United States are denied transparency in the process of enacting legislation, the voters are denied their fundamental right to object. Obama wrote about laws being “uniform, predictable and transparent ... applying equally to the rulers and the ruled.” There is no transparency when a leader blatantly ignores the procedures of Congress that call for open debate because to do so is to his political advantage. When preferential treatment is given to unions, pharmaceutical...
First, check out this streamlined version of the Q guide (courtesy of Andy Y. Lei '10, a former Crimson editor), which allows you to search for classes quickly and access all past Q guide reports for a certain course in one place...
...petroleum announcement and headed back toward the Hamra Hotel, we saw a dusty cloud rising deep in the neighborhood to our right. "Perhaps a mortar into the Green Zone," he suggested. We tried to find out but the phones were already jammed. We had almost arrived at the rear access road to the Hamra when the second bomb exploded, near the Babylon Hotel. We had driven by it just minutes before, and our car jumped. We sped closer to the rear checkpoint of the Hamra compound, where the security guards were already out in full force and on edge. "This...
...other important voting bloc is Sri Lanka's Tamil minority. With Rajapaksa and Fonseka expected to split the vote of the Sinhalese Buddhist majority, Tamils could become kingmakers. But election monitors have serious concerns about their access to the polls. There are about 170,000 recently resettled war refugees, and another 108,000 displaced people who are still held in camps. The Rajapaksa administration has repeatedly said they will all have a chance to vote, but only 35,000 of the displaced have been registered according to officials at People's Action for Free and Fair Elections, the country...