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...hyperinflation; according to the Kenya Standard, inflation rates now reach up to 20 million percent. Mugabe, as the chief decision-maker in Zimbabwe, has attempted reforms whose failed results he has blamed on indeterminable interference by Western states, such as Zimbabwe’s one-time colonizer, Great Britain. Amidst all this economic trouble, Zimbabwe continues to enforce strict restrictions on distribution of aid across the country. Any improvements for life in Zimbabwe will have to start by lifting these restrictions...
...Still, even amidst a global economic slowdown, the outlook for the Arab economies will remain sunny. As long as oil stays above $60 a barrel, governments won't have to cut their budgets, says John Sfakianakis, the chief economist at Saudi's SABB bank. And jitters on Wall Street could sharpen the eyes of Arab regulators for the kind of irrational exuberance that got American investors in hot water. "The unscrupulous spending of the past will be slowed in the months to come, which will have a positive impact overall," says Sfakianakis. "Many Gulf economies were growing so quickly that...
...goals in criticizing low endowment spending rates. For example, the press release accompanying Harvard’s investment returns today mentions “financial aid” six times in its first five paragraphs. Grassley has recently toned down his legislative threats as schools have posted lower returns amidst a market downturn. Earlier this week, Grassley spokeswoman Jill Gerber said endowment performance in tough market conditions would be a key factor in determining whether the senator would push legislation to mandate a five-percent rate. Harvard’s healthy 8.6 percent gain, while significantly lower than in recent...
...down track of grass and tar - its coaches are top flight and its athletes often share a working-class bond. Though Bolt is known for his fun-loving personal style - showcased in his controversial showboating celebration in the final strides of 100 meters victory - he grew up amidst the hardscrabble rural life of Jamaica's bauxite mines. "It's about resilience," says Beckford...
Saturday night's dinner amidst the gardens of the Jianfu Palace, tucked away in the Northwest corner of the Forbidden City, brought together the power brokers who had forged the ties that today bind China and the United States. Blue bloods and red bloods, you might say, gathered for a valedictory celebration of their achievements: Hosted by Hong Kong real estate developer Ronnie Chan, the purpose was to put a punctuation mark at the end of an era - an exclamation point, not a period...