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Then there are China's fragile banks, which could be hit by waves of defaulting loans as factories fold. Although Chinese banks during the current boom have been able to reduce their unusually high proportion of nonperforming loans carried on their books, declining corporate earnings will diminish borrowers' ability to repay their debts. While it's difficult to assess the overall exposure of banks to the manufacturing sector, it's easy to imagine lenders getting caught in a Chinese-style credit crisis if manufacturing contracts sharply...

Author: /time Magazine | Title: China's At-Risk Factories | 4/17/2008 | See Source »

...It’s a cyclical thing, and the question is how to break out of the cycle.” Panelist Aaron T. Frazier ’10, a judge in the Harvard Model Congress, proposed the idea that removing programs such as affirmative action would diminish white resentment of African Americans—resentment that he said contributes to discrimination. An audience member, Raul A. Campillo ’09, offered an alternate approach during a post-panel discussion: that the government issue a formal acknowledgement and apology for its wrongdoings against minorities. Campillo’s proposal...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: Cabot Hosts Obama Debate in Quad | 4/4/2008 | See Source »

...Then there are China's fragile banks, which could be hit by waves of defaulting loans as factories fold. Although Chinese banks during the current boom have been able to reduce their unusually high proportion of nonperforming loans carried on their books, declining corporate earnings will diminish borrowers' ability to repay their debts. While it's difficult to assess the overall exposure of banks to the manufacturing sector, it's easy to imagine lenders getting caught in a Chinese-style credit crisis if manufacturing contracts sharply...

Author: /time Magazine | Title: China's At-Risk Factories | 3/20/2008 | See Source »

...getting. She has to move away from an all-or-nothing mentality—either I hit it over the fence or I strike out.” While it might be more difficult for Murphy to stack up the home runs, that certainly won’t diminish her role on the team. “We’re not going to say ‘You hit 18 home runs last year, so you need to hit 20 this year’,”Allard says. “To be honest, Lauren should hit more...

Author: By Michael J. Buckley, CONTRIBUTING WRITER | Title: It Could Go All The Way | 3/19/2008 | See Source »

...delivered this morning at the National Constitution Center in Philadelphia. Certainly presidential candidates facing the biggest crisis of their campaigns don't. At moments like these - when circumstances force them to confront and try to defuse a problem that threatens to undermine their campaigns - politicians routinely seek to clarify, diminish and then dispose of the problem. They play down the conflict, whatever it is, then attempt to cut themselves off from it and move on, hoping the media and electorate will do the same. What they don't do is give a speech analyzing the problem and telling Americans that...

Author: /time Magazine | Title: Obama's Bold Gamble on Race | 3/18/2008 | See Source »

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