Word: beginnings
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...case, given a day or two of reflection, global investors should begin to realize that what happens to China's stock markets actually has little bearing on the nation's white-hot economy, let alone on other countries' economies. In China, "the stock market is really, really small compared to the overall economy," says Michael Pettis, a professor of finance at Peking University and an expert on China's markets. "Participation is limited. You're not going to see a wealth effect" - a decline in consumption because people feel poorer when stocks fall - "and companies don't use the market...
...frequently between rural Guatemala and the hallowed halls of Harvard, that is lucky enough to be reminded of the top and bottom of that pyramid. What scares me the most is that rural Guatemala is actually middle class in comparison with the world, so I have yet to even begin to comprehend the global pyramid of destruction. At Harvard we are on top of that pyramid and we’re leaving billions behind...
...campaign was eventually put off until Summers’ permanent successor took office, and it is now expected to begin...
...Dylan said, "There have a been a lot of songs that people said I swiped, but that wasn't one of them." And he let it go. It was kind of a funny moment. It would have been nice to get it, but with this sort of filmmaking, you begin by knowing that you're going to miss 90% of what's going...
...Academy Awards tomorrow,” Artist of the Year Laurence Fishburne bellowed out to open the afternoon’s festivities in the afternoon performance of the two-part show. As the celebrity host, Fishburne infused the show with a sense of light humor and entertainment, beginning when he first knocked over his throne as theater lights went down. But as Fishburne reminded the audience many times, “The show must press on!” “Press on” it did. The show—directed by Simi Bhat...