Word: augustness
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...Nevertheless, it is foreigners - particularly European, American, Japanese and Singaporean collectors - who are driving the modern Asian art boom. The result has been a massive flight of contemporary art from the region. Exacerbating the trend is a dearth of quality modern-art museums in India, China and Vietnam. In August, the central Chinese city of Dujiangyan announced it was lavishing some of the nation's top contemporary artists with their very own museums, but the ploy likely won't draw more than the occasional tourist to this remote part of the country. That leaves Western institutions like New York City...
...worth a total of $1.5 billion collapsed due to their exposure to toxic subprime debt, a debacle that was preceded by the subprime-fueled demise of a hedge fund run by Swiss bank UBS. Basis Capital, an Australian firm with more than $2 billion in assets, was forced in August to liquidate its Basis Yield Alpha Fund, which had previously been one of Australia's best-rated hedge funds. Numerous quant funds, which use computerized analysis to make investment decisions, posted big losses as stock markets reeled from the subprime mess...
...fallout from the summer's subprime mess may go beyond unwanted government attention, however. Hedge funds posted losses averaging 1.32% in August, according to HFR data, a setback that appears to have at least temporarily dented the confidence of the big banks, insurance companies and pension funds that are the main hedge-fund investors. The flow of new money into the industry, which had gushed all year, fell sharply, by more than a fifth, in the third quarter. It was as if investors, spoiled by years of strong profits, took a step back to reconsider their situation. "Most likely...
...European model may very well be what the region needs. Chávez’s deadly sin, however, is omission: His rhetoric selectively forgets that an aged Bolívar fell into disgrace by declaring himself dictator by “organic decree” in August, 1828.Through this vicious cycle of shortsighted plans, Latin America remains trapped in arrested development. Politics there have become a tragedy; and the revival of an authoritarian past, a historical farce.Pierpaolo Barbieri ’09, a Crimson associate editorial chair, is a history concentrator in Eliot House...
...noting for example that the price tag of what was once billed as a $100 laptop is now closer to $200. Moreover, the original strategy of getting six of the largest developing countries - Argentina, Brazil, Pakistan, Thailand, Nigeria and Libya - to commit to buying one million units stalled in August. The governments in China and India have also been resistant, convinced that they can do something similar on their own. Negroponte's response has been to open up the program to individuals and companies, launching in mid-November in the United States a "Give One, Get One" program that will...