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Soaring gas prices, fighting in the Middle East-we've seen this movie before, and it was called the 1970s. But despite the warning signs out there, don't expect a return to 1970s-style inflation. As long-term interest rates rise, it should cool the economy's bubble-spot, real estate, which will cause consumers to rein in their spending and prevent companies from raising prices too much. Meanwhile, as gas and oil production recover from the Gulf Coast hurricanes, fuel prices should stabilize or even fall...
When I talked with her recently, however, she again brought up her plans to one day commit herself fully to the domestic scene. Nor is she alone: recent surveys of women currently attending Ivy League institutions have shown that a remarkable number already expect to replace their careers with part-time jobs, or simply abandon them entirely, once they start having children...
...raise. It was a good day. Since Harvard started paying its workers a living wage five years ago, living wage campaigns have been sprouting up all over the country. In 2004, living wage initiatives were on the ballot in two states, Florida and Nevada. In 2006, activists expect to target an additional four states. At the same time, unions and community groups around the country have persuaded cities to pay more to their employees. As I write, activists in our own Cambridge are working on a minimum wage increase. (Technically, a “living wage” law only...
...assets.Emerging markets investments account for 5 percent of Harvard’s holdings and bonds comprise another 22 percent. The University’s diverse holdings range from traditional stocks to timber.El-Erian said he’s confident that he’s up to the task and expects to draw upon his own experience as well as the talents of the HMC staff.“You don’t expect the quarterback to play every position,” he said.CALLING OFF THE SEARCHFor Harvard, the appointment of a permanent CEO, first reported Friday...
Although the UC has earmarked $30,000 for the concert, it does not expect to spend all of that, said UC Treasurer Matthew R. Greenfield...