Word: closedness
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China's export dependency went far beyond the unbalanced structure of its real economy. Its financial and currency policies were also aimed at deriving maximum support from external demand. A closed capital account and an undervalued renminbi (RMB) were icing on the cake for China's powerful strain of export...
Alas, all of Rand's stern declarations about reason trumping emotion were of little value in 1968, when Branden revealed an affair with a young actress, whom he later married. Rand repudiated him, closed the institute and never spoke to her protégé of 19 years again.
Of that, there is no doubt. Nearly 1 in 5 Catholic schools in the U.S. has closed its doors this decade. To non-Catholics, this may not appear to be something worth worrying about. But parochial schools are one of the largest (if not the largest) alternatives to the American...
Some dioceses are - to use education reformers' favorite action verb - innovating. Last year, in a controversial and mostly untested move, seven Catholic schools in Washington converted to charter schools. In Miami, eight schools have followed the same route. In Wichita, Kans., which still has a strong Catholic community, parishioners are...
Columbus sailed the ocean blue in 1492. On Oct. 12, 517 years later, banks are closed and there's no mail. And despite being a federal holiday, for most in the U.S. it's another day at the office.