Word: borrowers
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...even if they themselves have never left Brazil. Says Puritz: "If people don't have that intellectual dexterity of understanding how other cultures work, they won't succeed in this business." That's a sentiment chanted over and over again by other executives at international firms. "You need to borrow the know-how of local culture and local law," says Cendant's Pfeffer. "It's important that you not project any arrogance...
...borrow Andrew Sullivan's argument, the institution of marriage is utterly uninterested in the question of morality or character. Death-row criminals, immigrants held for deportation, the mentally-retarded, dead-beat fathers, even the "rapists" with whom Sachs compares homosexuals all have a legal right to marry in this country. Sachs is right to note that there is not a national consensus on homosexual rights. But morality, as the issue of same-sex marriage shows, is not the starting-point for such a debate...
...changes mirror those that Harvard announced nearly two weeks ago. The University announced that it would reduce the amount of money students need to contribute or borrow...
...first wife had a son, Kerry. By the time he began his pro racing career at age 24 in 1975, Earnhardt had a young family to support and, more than most other drivers, was all business and no fooling. When strapped for cash, he would borrow from fellow racers, banking that he would win enough in Sunday's race for payback on Monday. That's pressure, and it made Earnhardt bear down...
...policy is based on a really simple premise--moving interest rates in the same direction as inflation, and doing so quickly. Say prices have shot up 3%. The best Fed policy, his study showed, was to respond by jacking interest rates. Higher rates mean it's more expensive to borrow, and that slows the economy down, tamping inflation. The idea works in reverse too: cutting rates helps pep up laagging growth. Under Taylor rules, anyone, even Bernie, could make monetary policy. In our globalized economy, the thinking went, everyone from China to Chile could have a Greenspan. All they needed...