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...Asia, though, is waking up to the risks to its growth, and the focus in some governments appears to be shifting from fighting inflation to bolstering economies. In an attempt to stimulate growth and stabilize markets, the People's Bank of China on Monday lowered its key interest rate by 27 basis points to 7.2% - the first cut since 2002. The central bank also reduced reserve requirements for some Chinese banks, a step that could increase lending. Goldman Sachs economist Hong Liang commented that the moves "clearly signaled the central bank's intention to support growth" and "could provide some...

Author: /time Magazine | Title: Wall Street's Woes Hit Asian Markets | 9/16/2008 | See Source »

...summer activities. A native of Kfar Saba, Israel, the freshman finished high school and served in the army before getting accepted to Harvard to join the class of 2011. After being admitted, the 2006 No. 1 junior epeeist in the world decided to defer for a year to attempt to qualify for Beijing. She now joins the community as a member of 2012.“For me, Harvard, getting here, being here is almost as big as going to the Olympics was,” Mills said. “Being from Israel, it’s a different...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Cross and Mills Put to the Test at Olympics | 9/16/2008 | See Source »

...Asian growth is falling below the expected trend of about 8%. Asian policy makers have been limited in their efforts to stimulate growth because of rising inflation, which has forced most central banks to hike interest rates. Indonesia, for example, raised its benchmark rate again this month in an attempt to quell the nation's nearly 12% inflation...

Author: /time Magazine | Title: Asia Markets Face Rough Day Ahead | 9/15/2008 | See Source »

...Some governments, though, are becoming more worried about declining growth than inflation. In an attempt to stimulate the economy and stabilize markets, the People's Bank of China on Monday lowered its key interest rate by 27 basis points to 7.2% - the first cut since 2002. The central bank also reduced reserve requirements for some Chinese banks, a step that could increase lending. Goldman Sachs economist Hong Liang commented that the moves "clearly signaled the central bank's intention to support growth" and "could provide some badly needed boost to investors' confidence." After a dark day on Wall Street...

Author: /time Magazine | Title: Asia Markets Face Rough Day Ahead | 9/15/2008 | See Source »

...came out of nowhere to put it in.” After dominating the first half, the Crimson came out sluggish in the second, surrendering an astounding five corners in just the first seven minutes of play. Then only minutes later, Harvard gave the Badgers a sixth attempt on which Wisconsin was finally able to convert. Off of a perfect cross, a diving Badger forward headed the ball in past a diving Mann. It was the only blemish on the standout keeper’s card on the day. But after the goal, the Crimson responded, picking up the tempo...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Crimson Defense Keys Two OT Draw | 9/14/2008 | See Source »

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