Word: council
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While impossible Undergraduate Council campaign promises continue to plague the Yard, things are different in the upperclass Houses. Worldly upperclassmen know better than to be enchanted by the alleged possibility of longer dining hall hours and termination of the universal wake-up call in the form of the Mem Church bells. Since straightforward platforms may not be enough to sway House-dwellers to vote at all, what’s a candidate...
...reform of China's financial system - now only partly open to the world - may be overwrought. Earlier this week Beijing sent a clear signal that, notwithstanding the mess in the U.S. and Europe, it still seeks to develop, slowly but surely, a more sophisticated capital market. China's State Council has approved a plan to allow margin trading and short-selling, giving domestic investors in China's A-share market "new opportunities to hedge and leverage their positions," says Jing Ulrich, head of China Equities at JPMorgan Securities in Hong Kong...
...exposure comes from its concentrated bet on the dollar and the risk that the U.S. policy response to a slowing economy and investors' aversion to U.S. debt will combine to put pressure on the dollar going forward," says Brad Setser, a former U.S. Treasury Department official now at the Council on Foreign Relations. That would mean further upward pressure on China's currency, the renminbi, at a time when the country's exporters are already hurting from slowing global growth. That in turn could slow growth even further domestically...
These shortcomings of the “lame-duck” UC should be remedied by reconvening representatives from the previous year each fall. Certainly, this system of representation has its pitfalls: Houses with senior representatives last year would lack a direct voice on the Council, and last year’s freshman representatives would now live in houses instead of the Yard. But even such an imperfect solution seems superior to a system that deprives students of representation altogether. Since UC efforts often continue through the summer and into the following year, an interim assembly could easily focus...
...will be sorry to see the U.S. embassy leave as the current security arrangements we negotiated are working well," said Robert Davis, deputy leader of the Westminster City Council. "But we understand their desire to be in a more secure compound...