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...delivery at the Reserve Bank of India in Mumbai on Friday, March 24.The return on investment could be substantial, Summers said, noting that over the last decade, the average university endowment in the U.S. achieved a real return close to 10 percent.Since countries’ central banks are bound to draw political flak when their investments dip, Summers instead suggested that the International Monetary Fund and the World Bank back the creation of an “international facility” to invest those assets.“It is an irony of our times that the majority...
...about by luck or by design. But that matters little to Liberians who suffered from his brutality. As long as Taylor evaded justice, there was always the chance he might one day return to power. Hours after Taylor's arrest, Nigeria put the former leader on a presidential jet bound for Liberia. On a rain-soaked runway, Taylor was handed over to Liberian authorities, who passed him on to U.N. soldiers, who choppered him to Freetown, Sierra Leone. A few hours later, Taylor sat in a prison cell, his likely home for years to come...
...same year that the Statue of Liberty was dedicated in New York harbor to the ideal of taking in the tired, the poor and the huddled masses yearning to breathe free, racist mobs rioted in Seattle and forced more than half the city's 350 Chinese onto a ship bound for San Francisco. That two chambers of Congress, both run by the same political party, should appear to be headed in such different directions on immigration tells you that the country is no less conflicted about the issue today. But the fact that for the first time in 20 years...
...book attempts to survey the science underpinning all intuitive beliefs, including religion, that humans stubbornly cling to, in spite of the best efforts of rational enquiry to displace them: credence in the paranormal, magic and superstition; faith in alternative-health therapies; the conviction that sooner or later we're bound to win a lottery jackpot. Our belief engine, Wolpert concludes, works on wholly unscientific principles: "It prefers quick decisions, it is bad with numbers, loves representativeness and sees patterns where there is only randomness. It is too often influenced by authority and it has a liking for mysticism...
...assume I'll be able to do both and I have every intention of doing both. The debate I'm having now is that I have to choose a specialty very soon. I was bound for orthopedic surgery, but being a surgeon and having a writing life ... it seems like it's pretty impossible to do, especially because residency is so rigorous. For five years I wouldn't get any writing done. So I'm looking at different specialties right...