Word: crisises
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Dates: during 2000-2009
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Harvard first announced plans in February to slow construction on its much-touted Allston Science Complex due to financial pressures and an unprecedented drop in the endowment. And to top off the University's financial woes, Harvard’s multi-million dollar Allston development fund had been all but...
You get the picture. As a result, there's been no shortage of talk lately about possible unrest, especially in the form of armed rebel groups, erupting south of the border in 2010. But is there really a basis for concern? None as apparent as the popular grievances that existed...
Aside from inflated drug and guerrilla violence, another specter is unrest resulting from Mexico's deflated economy. Given its enormous reliance on the U.S. market - and on remittances from Mexican workers there, which have declined sharply this year - the global recession has hit Mexico especially hard. Its GDP, in fact...
Before Calderón can turn the bicentennial into a transformative engine, however, he has to get it jump-started. The economic crisis has forced chronic delays for a quarter of the more than 600 bicentennial projects Mexico had on the drawing board. Rather than being afraid of 2010, says...
It's been that kind of a year for Lula; even in the middle of the worst global economic crisis in 80 years, everything went right for him. His government lowered interest rates to a level not seen in decades, and foreign reserves rose to a record high. Brazil was...