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...latecomers bound to lose their shirts? Not necessarily. That's because, with some well-publicized exceptions, emerging markets are on the whole not in bubble territory. Yes, share prices have been rising rapidly. But so have corporate earnings during what has become an epic global economic boom. As a result, emerging-market stocks still look relatively cheap. Based on projected 12-month earnings, the average price-to-earnings (P/E) ratio of companies in emerging countries tracked by the MSCI index is 13. For the MSCI World Index, which includes developed countries, the average...

Author: /time Magazine | Title: Flying Too High? | 10/18/2007 | See Source »

This mixture of self-interest, pride, and kindness seems distinctively American, in the best tradition of a pushy, bold, but charitable people. With this national character, tipping is bound to continue and even expand. Many restaurants are now adding a mandatory service charge (sometimes up to 18 to 20 percent) to checks, and some consumers have even started tipping Starbucks baristas. As we enter what some call a second Gilded Age, it is appropriate that we may see increased tipping...

Author: By Charles R. Drummond iv | Title: Leaving Fifteen | 10/17/2007 | See Source »

...Last year, the UC began funding events in advance, based on budget estimates from student groups. Some of these pizza parties and happy hours are bound to come in under budget, leaving a little cash left over in the UC’s coffers. Other groups never file “completed project forms” with the UC’s Finance Committee, so their grant checks are never written. Still other checks go un-cashed. But if some groups are denied funding because other groups never actually claim their cash, then the UC’s budget...

Author: By Adam Goldenberg | Title: Show Me The Money | 10/16/2007 | See Source »

...resigning the presidency. Harvard’s trustees should waste no time in confirming her heir apparent: the Harvard Undergraduate Council (UC).Any doubts as to the UC’s competence to hold Harvard’s highest office have surely been quashed this week, during its teapot-bound war of attrition with administrators over the UC’s almost-legal practice of paying for underage students’ booze with money funneled to its bank account by the College. UC leaders have seized the opportunity to prove their worth as mature, tactful participants in Harvard?...

Author: By Adam Goldenberg | Title: Do You Hear The People Sing? | 10/12/2007 | See Source »

...left asking: is Steven Pinker not a human being? Who is he to make these claims about human life and experience in such a detached, dispassionate way? But alas, he is one step ahead. Pinker reassures the reader, writing, “any inventory of human nature is bound to cause some apprehension in hopeful people, because it would seem to set limits on the ways we can think, feel, and interact.”For Pinker, language is the best means by which humans “escape” the limitations of their Platonic cave. Pinker sees language...

Author: By Juli Min, CRIMSON STAFF WRITER | Title: Pinker’s Study of Language Has the Right ‘Stuff’ | 10/12/2007 | See Source »

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