Word: banks
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...Harvard Idea Bank is not the first of its kind. MIT launched a tool with a design uncannily similar to Harvard’s several months ago as part of its attempt to cut operating expenses, recognizing that “the work to sculpt a stronger MIT will require collective wisdom and collaborative action...
...Idea Bank is one more way we are trying to engage the entire FAS and Harvard College community as we all consider how to best advance our core mission of teaching and research in a more efficient and cost-effective manner,” the Web site reads...
...exactly a phrase you can take to the bank...
...China's problem is that the recent state-directed deluge of bank lending has resulted in a recovery in GDP growth but the money is not filtering down to the SME sector. Loans are going mainly to politically connected state-owned enterprises, which now comprise just 40% of the economy and create only a quarter of jobs. It's an entrenched situation that dates back to the days of economic central planning, and something that China's communist rulers do not seem to have the political gumption - or indeed the desire - to change. (Watch a video about China?s knockoff...
Friday's air strike came shortly after the region watched a tense handshake unfold 5,000 miles away in New York City with Palestinian Authority President Mahmoud Abbas, leader of Fatah, which controls the West Bank, and Israeli Prime Minister Benjamin Netanyahu. U.S.-led attempts at jump-starting the Israeli-Palestinian peace process in recent months have failed, in large part because of Israel's refusal to freeze construction of Jewish settlements in the West Bank. Egyptian-mediated talks aimed at reconciling rivals Fatah and Hamas have yet to see a breakthrough as well...