Word: eras
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...bigger issue is whether the risk-taking, hard-charging, high-living times will give way to a quieter, duller, less profitable and far more regulated era--not so much a golden age as a golden cage. The debt-fueled days are almost certainly history. Jon Lloyd, joint head of LG's real estate practice, points out that the investment-banking mentality of the past few years--ever bigger fees for ever more complex transactions--has spread to all sorts of businesses, from law to real estate. He wonders if that's all about to change. "Will we as advisers fall...
...China Going Back to the Land The ruling Communist Party announced a major initiative to overhaul the country's land-use policies, still hampered by the unwieldy collectivization policies of the Mao Zedong era. The plan, unveiled Oct. 19, is an attempt to jump-start agricultural productivity and promote prosperity among its restive farmers, who have largely been bypassed by China's economic boom. Currently, farmers are entitled to the proceeds from their sales but do not own the land--a system easily exploited by corrupt officials and developers. Beijing hopes the reforms--enabling farmers to lease, swap, subcontract...
...many ways, Syria is an anachronism: governed by a totalitarian regime, managed by Soviet-style central planners and littered with the crumbling ruins of ancient civilizations. More recently, the Bush Administration has accused Syria of supporting anti-Israeli terrorists and tried to isolate the country. But with the Bush era winding down, Syria appears to have weathered threats of regime change--and is roaring back...
...Syrian art boom is taking place amid an economic thaw. Syria began opening its economy in 2005 under pressure from U.S. sanctions; foreign investment has changed the face of the country. Once the streets of Damascus were filled with 1950s-era American auto-mobiles, kept running by trade barriers and twine; now there's a daily traffic jam of new Asian sedans and German sports cars. Superseding the capital's dictator-chic hotels from the 1970s--massive concrete towers with prostitutes in the bars and spies in the lobbies--modern boutique inns are sprouting in renovated courtyard palaces...
This donation marks a promising step towards fulfilling University President Drew G. Faust’s goal of rejuvenating the arts at Harvard. Last November, Faust announced “a new beginning for a new era of arts at Harvard” and assembled a task force for integrating arts at the University. In April of this year, David Rockefeller ’36 donated $30 million to renovate the Fogg Art Museum and support the arts task force, making this recent gift the second major art donation in Faust’s first year of tenure. Pulitzer?...