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...pratfall appears to have prompted CIC to rein in its ambitions. Instead of splashy investments in the U.S. and Europe, the fund is now looking closer to home. It recently invested in Central Huijin Investment Co., a government agency with stakes in several of China's biggest state-run banks and brokerages, and will reportedly plunk another $66 billion into Agricultural Bank of China. To the extent CIC looks for investments abroad, its Chairman Lou Jiwei said in a late November speech, it will stick to index funds - equities linked to the performance of entire markets, not individual companies...

Author: /time Magazine | Title: The Wealth of Nations | 12/6/2007 | See Source »

Year the first coin-operated phone was installed, in a bank in Hartford, Conn...

Author: /time Magazine | Title: Numbers | 12/6/2007 | See Source »

...season to be...broke? The holidays are here but this year you don’t have to break the bank or stray too far from Harvard to get that special something for that special someone. Here are 15 gifts under 15 dollars that will make the perfect present for anyone on your list. Can I get a holiday holler? 1) The Body Shop Original Body Butter, $10: The winter can be dry, so lather up. (The Body Shop, 1440 Mass. Ave.) 2) Honey Moisturizing Shampoo, $13.50: To attract bees...or just to smell good. (The Body Shop, 1440 Mass...

Author: By Erinn V. Westbrook, CONTRIBUTING WRITER | Title: 15 Holiday Gifts for Under $15 | 12/5/2007 | See Source »

...Conti-Brown agreed to pitch in with his wealthier roommates to help outfit their new dorm room in Grays, he was surprised when his roommates came back with a $600 coach. Even split among the five roommates, the expense would wipe out most of Conti-Brown’s bank account, which had about $200 in it. Conti-Brown hadn’t even thought about other expenses—like textbooks—yet. “What was I supposed to do?” Conti-Brown says, “Say, ‘sorry guys...

Author: By Gracye Y. Cheng, CRIMSON STAFF WRITER | Title: HFAI Revisited | 12/5/2007 | See Source »

...disdain more viable in countries like Brazil by making it more egalitarian. Sunday's humbling results will make Chvez a less swaggering figure on the hemispheric scene; but a little humility on his part may make his neighbors more receptive to initiatives like the Banco del Sur, or Bank of the South, meant to counterbalance traditional, U.S.-backed lending institutions like the World Bank...

Author: /time Magazine | Title: How Will Chavez Handle Defeat? | 12/5/2007 | See Source »

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