Word: auge
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Edward C. Forst ’82, Harvard’s first executive vice president who stepped down Aug. 1 after a year on the job, will return to Goldman Sachs on Sept. 8 as the firm’s senior strategy officer while continuing to advise Harvard on finances and capital planning...
...first hours as Japan's new ruling party, the Democratic Party of Japan (DPJ) and its leader Yukio Hatoyama wasted no time preparing for a transition of government. In the historic Aug. 30 general election, the Japanese people - about 70% of eligible voters cast ballots - ended a half-century of nearly unbroken rule by the Liberal Democratic Party (LDP). Hatoyama's party took 308 of the 480 seats in the House of Representatives, 12 seats shy of a two-thirds majority that would have allowed the party to single-handedly pass bills rejected by the upper house...
...international athletics row: "She should not abandon the fight." Soundarajan lost her 2006 Asian Games silver medal in the 800 m after failing a gender test. "I come from a small village and had no one to fight for me," Soundarajan said in an interview with TIME on Aug. 29. "I hope Semenya will come out of this better than...
Talk about déjà vu. On July 29, the Shanghai Composite Index fell 5%, setting off panic selling in Hong Kong and dinging even the Dow. But Chinese stocks rebounded 2.7% the next trading day, the steepest rise in two months. Fast forward to Aug. 31. The Shanghai index dropped 6.7% that day, causing panic around Asia and even in distant markets like...
...where the similarity ends. The index is not likely to return to its previous lofty perch anytime soon. Following a miserable performance in August - Chinese stocks fell nearly 22% last month - Shanghai's 81% Great Leap Forward from January to July has now been pared to 42% as of Aug. 31. That's still a hefty advance, but it's looking like the long march backward will continue for some time. (See pictures of China's infrastructure boom...