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...paper has been particularly influential in investigating massive cost overruns in the building of a free-trade zone at Port Klang, not far from Kuala Lumpur. The latest official figures show that the project has ballooned to about $1.4 billion, more than double what was projected in 1999. Critics contend that graft has plagued the project, undercutting Abdullah's much-vaunted anticorruption drive. "Thus far, Abdullah's promises to curb corruption remain just that: promises," says Ramasamy Palanisamy, a former professor of politics at the National University of Malaysia. At the same time, the PM, who once earned plaudits...

Author: /time Magazine | Title: Identity Crisis | 11/28/2007 | See Source »

...only slow him down, take the air of inevitability out of him, and - who knows? - maybe pull off a surprise early win. Even as they launched that push, however, aides sought to lower expectations: Giuliani's top aide Mike DuHaime said his operation was "momentum-proof," meaning it could contend with any other candidate who emerged unbeaten from the early states...

Author: /time Magazine | Title: Giuliani's Huckabee Strategy | 11/26/2007 | See Source »

...Ordinarily, of course, Congress has no problem spending money it doesn't have, but this year is different. Democrats have to contend with a rule they implemented when they took control of Congress known as Pay-Go, which means they actually have to pay for things as they're approved, with either tax hikes or budget cuts. With that in mind, House Ways & Means Chairman Charles Rangel has proposed paying for the patch by raising taxes on the bonuses and fees received by hedge fund and private equity managers - which is to say the bulk of their exorbitant incomes. Right...

Author: /time Magazine | Title: The Dems' Tax (and Spend) Dilemma | 11/15/2007 | See Source »

...deep enough that I don’t need any one player to be dominant.”Last year, Harvard’s balance was instrumental in the late stretch of the Crimson’s Ivy run, as other one-star teams had to contend with defenses that had adjusted during the second round of the Ivy schedule. Taylor was Dartmouth’s high scorer in 20 of its 29 games. Princeton’s Meghan Cowher led the Tigers in scoring 20 times out of 28.Harvard, by contrast, had six different players lead the team...

Author: By Aidan E. Tait, CRIMSON STAFF WRITER | Title: BASKETBALL '07: Star Power | 11/13/2007 | See Source »

...Despite the obvious link between PetroChina and CNPC, UBS’s apologists contend that had UBS not served as underwriter, one of a number of other firms might have stepped in. But this clearly would not have been the case. As the result of a restriction imposed by China’s communist government, UBS is one of only two western firms that can serve as lead underwriter for companies in mainland Chinese markets, the other being Goldman Sachs...

Author: By Crimson staff, CRIMSON STAFF WRITER | Title: Shame on UBS | 11/12/2007 | See Source »

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