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...Beginning in mid-October, Lee sprang into action. The government earmarked $100 billion to guarantee new foreign debt for banks through mid-2009 in a bid to maintain the economy's access to foreign-currency borrowing. Shortly afterward, the Bank of Korea finalized a currency-swap agreement with the Federal Reserve to ensure a supply of dollars for the economy, which gave a big boost to confidence. In early November, the Finance Ministry announced an $11 billion stimulus package that included tax breaks and new infrastructure spending. The moves have recently brought some stability to stock and currency markets...
Some presidential campaigns begin with a speech. Others start by taking the pulse of party leaders. Sarah Palin's 2012 bid kicked off over a steaming pot of moose chili under TV lights in her Alaska kitchen. The former vice-presidential candidate assured the world she was ready, should God open the door for her so much as a smidgen. "I'll plow through," she promised--as if anyone imagined otherwise...
Members of the local community reached out to orphans in China through the third annual Harvard China Care benefit dinner and silent auction at the Lenox Hotel in Boston last night. Guests paid $80 per ticket to attend and bid on a wide variety of prizes, including pottery from Texan artist Murry Gans, tickets to the American Repertory Theatre, and select services pledged by many of the club members themselves. The proceeds from the benefit this year will fund the maintenance of the Children’s Home in Bao Ji, Shanxi province, which opened last November. With the help...
...mistake and thought I was somebody else,” he said. Humility was one thing, I told him later, but come on. Before I had flown to Washington, I sat down with Andrea R. Flores ’10, who was considered likely to announce her UC presidency bid just as FM was going to press. Andrea is short, curly-haired, and surprisingly frank. The etiquette in the Harvard political scene is very much don’t ask, don’t tell, she said. The more serious you are about a career in politics, the more that...
...With more than 90% of the vote tallied, Barkat won with 50.7% of the vote to Porush's 42.05%. A Jewish Russian billionaire and former arms dealer, Arcady Gyadamak, failed in his bid to turn out the city's Arabs, who traditionally boycott the elections. He placed a distant third in the polls with 3.51%, while a fourth candidate, a bar owner who campaigned to legalize marijuana, collected one half percent of the vote...