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...Deutsche Bank economist Michael Lewis notes, "this looks like a fundamental structural decline." With the U.S. market overvalued, foreign investors are taking their money elsewhere. That makes it tougher for the U.S. to finance its foreign account deficit, which could reach $460 billion this year. And it makes further falls in the dollar likely. European exporters might not like it, but at least a weak dollar could keep European interest rates low. And it is better that the dollar eases to a sustainable level now rather than crashing later. If the market works like O'Neill thinks, the economic band...

Author: /time Magazine | Title: Biz Watch | 5/26/2002 | See Source »

...program in which students are granted extra “points” on the basis of their race is admittedly less appealing than a program that purports to take into account the entire “experience” of a student when seeking to diversify a student body. Public universities like the University of Michigan rely on numerical systems and admit students that rank high on a certain scale. When these systems result in low minority admissions, they manipulate the scale in order to give minorities an extra boost...

Author: By Meredith B. Osborn, | Title: Aesthetic Affirmative Action | 5/22/2002 | See Source »

...they either submit a photograph or arrange for one to be taken, they are included in the yearbook “on a first-come, first-served basis,” according to an e-mail sent by the HYP account...

Author: By Katherine M. Dimengo, CRIMSON STAFF WRITER | Title: Yearbook Omissions Concern Minorities | 5/22/2002 | See Source »

...pilgrim Xuanzang, usually an exacting chronicler, is maddeningly vague about the reclining Buddha's specific location. Reading his account and others of the same period, scholars are certain that the statue lies between the niches of the two destroyed Buddhas, a distance of nearly 800 meters. The last recorded sighting of the reclining Buddha, according to Paiman, was by a 10th century Indian historian. After that, the gigantic Buddha seems to have vanished as if by a magician's conjuring trick...

Author: /time Magazine | Title: What Lies Beneath | 5/20/2002 | See Source »

...only question is this: Why stop with Harvard athletes? Even agents have been immortalized in absurd movies and HBO appearances. There’s a lot of money to be made in a dramatized account of a college sportswriter’s already-thrilling existence...

Author: By Martin S. Bell, CRIMSON STAFF WRITER | Title: Saved by the Bell: Not Another Harvard Athletics Movie! | 5/20/2002 | See Source »

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