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...government's unique system of Inspectors General - an elite but underappreciated slice of the federal civil service - is arguably the best-spent taxpayer money in Washington. At their best, these quasi-independent ombudsmen save the country billions, many multiples of what it costs to employ close to 12,000 staff in 64 IG offices, while doing their best to ensure the efficient and impartial functioning of their respective agencies...
...though I would come to get used to this aspect of the Harvard landscape (and discover microcosms of intellectualism on campus), the pervasive apathy still troubles me. The ability to engage with the world in a multifaceted way, to employ the approach of liberal arts, and to absorb and apply new knowledge over the course of a lifetime is an essential part of being an intelligent and worthwhile person. If Harvard, an apex of higher learning, does not hold the pursuit of intellectualism as a central value, then can any other place be expected...
...casinos. In Vietnam, a $4 billion luxury gaming resort will open near Ho Chi Minh City in 2009. Ground has already been broken for a pair of casino complexes in Singapore. The Philippine government is planning to open a 100-acre (405,000-square-meter) gaming complex that will employ 40,000 Filipinos in Manila Bay. In an attempt to lure Chinese gamblers over the border, Kazakhstan is creating the "Las Vegas of the steppe" in Kapchagai and Shchuchinsk. Governments in Taiwan, Thailand and Japan are considering legalizing casinos. According to Merrill Lynch, gaming companies are expected to spend...
...politicians and regulators concerned about their growing impact on global financial markets. With total assets of more than $1.8 trillion, the industry has nearly doubled in size since 2004, and the activities of hedge funds can increasingly move markets. The danger posed by these lightly regulated vehicles, which employ strategies such as short-selling, trading in derivative securities, and leverage, to the financial system has been demonstrated before - most vividly by the 1998 implosion of Long-Term Capital Management (LTCM), a giant American hedge fund that lost $4.4 billion in six weeks and had to be bailed out with...
...take a modern approach and employ the right marketing, the chance for Kunqu is there," says Zhang, who with his artfully shredded jeans and spiky hair looks more like a pop artist than an opera devotee. In fact, he is a former member of Wind, a popular Shanghai hip-hop outfit, but says he has always had a special affinity for Kunqu, which he began studying at the age of 8. "It was a torturous experience," he recalls. To train for the acrobatic maneuvers that are sometimes incorporated into a Kunqu performance, "we were forced to squat for hours...