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...endowment was first announced, Johnny dedicated himself to becoming the most knowledgeable student on campus on the topic of Harvard’s endowment and budget, realizing that top-down budget cuts would hurt students and workers alike. He organized the Responsible Endowment Conference and proposed the Idea Bank, which gave the Harvard community an unprecedented opportunity to share ideas for the second round of budget cuts. While SLAM’s activities are often controversial, Johnny’s work has demonstrated such a mastery of the issue that even the Harvard Republican Club endorsed his campaign. This record...
Palestinian Authority President Mahmoud Abbas' decision not to stand for re-election in January casts a pall over U.S. hopes to broker a two-state peace agreement with Israel. But it could also have dire consequences for the security situation in the West Bank. That's because Abbas' possible resignation threatens the future of the U.S.-funded Palestinian security forces that have begun to play a key role in preventing militants from launching attacks on Israel...
...officials. In its two years of existence, the security force, derisively termed "Dayton's men" by the Palestinians, has managed to soothe Israeli fears that it could be used as a resistance army against Israel and has impressed the Israelis with its willingness to enforce calm on the West Bank. But Dayton and others have warned that the force derives its motivation - and its ability to withstand charges by fellow Palestinians that it is doing Israel's work - from the belief that is the security nucleus of an emerging Palestinian state. Absent the prospect of imminent statehood, the men trained...
...security forces could come a lot sooner than Dayton's two-year deadline if Abbas steps down. Abbas is threatening to walk because he says Israel is not serious about achieving a two-state solution, citing as Exhibit A its refusal to halt all settlement construction in the West Bank and East Jerusalem. But his departure could cause the collapse of the Palestinian Authority. As chief Palestinian peace negotiator Saeb Erekat explained, Abbas "sees no state coming ... so he really doesn't think there is a need to be President or have an Authority. This is not about...
...economists believe that the longer Beijing keeps the stimulus tap open, the greater the danger that the good times in Chinese real estate could turn ugly. Louis Kuijs, a China economist at the World Bank in Beijing, commented in early November that even though Chinese policymakers may not need a "major tightening" right away, "risks of asset price bubbles and misallocation of resources in the face of high liquidity need to be mitigated." Kuijs concluded that "the overall monetary stance will have to be tightened eventually." Beijing's big test is to make sure that doesn't happen too early...