Word: capitale
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Consider that the average yield on a one-year CD is 2.39%, the same as it was in mid-August, according to a weekly survey by Bankrate.com, even though the prime rate - the rate at which banks lend to their most creditworthy customers - has fallen from 5% to 4%. That...
Not everyone is reassured. The benefits of growth have not trickled down far enough, and most of Ghana is still poor. There are few roads in the north of the country. Few homes in the capital Accra have working sewers. Frustration over all this, say some, is made only deeper...
Great things happened in 1970s America. We celebrated our Bicentennial, birthed both “Jaws” and “Star Wars,” and impeached a president. By the end of the decade, we were also home to around 15,000 discothèques. Disco was...
Working with Harvard’s Office of Technology Development, Ramanathan created SiEnergy, a spin-off that received $500,000 last year from Allied Minds, a venture capital investment firm that focuses on innovative early-stage technologies, to develop their low-temperature fuel cell technology.
That, at least, is the nightmare version from the American perspective. But China's ability to make or break the U.S. economy is more of a "monster under our bed," says Michael Pettis, a finance professor at Beijing University, something that people spend too much time worrying about. Economists like...