Word: centralism
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...tens of thousands of dollars. While Taring Padi's members no longer live in derelict premises - disenchantment with communal cooking and an attack by Muslim fundamentalists in 2003 saw the squat's abandonment - they still lead a hand-to-mouth existence, centered on their humble atelier in the Central Java village of Sembungan. "They are a very egalitarian bunch of guys," says Heidi Arbuckle at the Ford Foundation in Indonesia. "Taring Padi has always kept a distance between art and the market...
...Bank failures are bound to happen from time to time. But unlike failures in other industries, a high-profile bank failure can lead to a loss of confidence throughout the banking system, with potentially devastating consequences for the rest of the economy. For this reason, central banks must stand ready, in the case of a potential systemic risk of this kind, to step in as lender of last resort to shore up the failed bank until the crisis can be resolved. In return, banks have to submit to a degree of official supervision unknown to other businesses in a market...
...national property, essential to the construction of the modern nations' identity. Which in part they are. The problem is whether that idea can accommodate the no less plausible notion that the products of ancient civilizations are also the heritage of all humanity. Our encounter with Shang-dynasty bronzes, Central African carvings and Aztec-calendar stones is part of how we construct for ourselves a human identity that transcends mere nationality. To put it mildly, in a time of rising nationalism, that's an urgent project. Why shouldn't things produced by all civilizations be widely available, not just as traveling...
...Under President Summers,” Crone writes, “central administration positions were removed from HMI’s Board...
...suddenly multiplied, with the Catholic Church's No. 2 official set to arrive in Havana on Wednesday night, just a day after Cuban leader Fidel Castro announced the end to his 49 years in power. It is perfect timing for the Vatican, which is aiming to play a central role in the island nation's transition into what many hope will be a post-communist future...