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...buying fewer risk-free treasury bonds and carefully investing in riskier stocks, Summers suggested that countries could derive increased revenue from their reserves, a nearly “free” source of extra funds...

Author: By Evan H. Jacobs, CRIMSON STAFF WRITER | Title: Summers Encourages Aggressive Third-World Investment | 9/8/2006 | See Source »

...offer - more than six weeks after the deadline preferred by Washington, and then only to send it back with a "can do better" grade and a 21-page counterproposal. But Iran's defiance may be based on a sound diplomatic calculation. The international community demands that Iran go the extra mile to satisfy concerns over its atomic energy program, but it also insists that the issue be resolved via diplomacy rather than confrontation. For reasons ranging from the price of oil to the turmoil in neighboring Iraq, much of the world outside of the U.S. fears that a confrontation between...

Author: /time Magazine | Title: Why Iran Has the Upper Hand in the Nuclear Showdown | 9/7/2006 | See Source »

...that the stadium is the shiny manifestation of a new business model that will narrow the gap on the field and on P&L. Seated in one of the generously cushioned, red club seats on the day before the stadium's grand opening on Aug. 12, he says the extra revenue that Cardinals Stadium will generate each year is already helping the team attract and keep top talent. That includes former Indiana Colts running back Edgerrin James, 28, who just signed a four-year, $30 million contract, as well as breakout stars like wide receiver Anquan Boldin...

Author: /time Magazine | Title: Changing The Play | 9/6/2006 | See Source »

...million or more in estimated annual profits (on top of the $16.5 million Forbes calculates the team made in 2004), according to Andrew Zimbalist, a sports-business expert and economics professor at Smith College. "I'm sure Bidwill is delighted," says the economist, but he notes that the extra income isn't a competitive advantage. First, other teams have similar extra income streams that new stadiums generate. Second, the Cardinals aren't going to be outspending anyone for talent because all NFL teams have a salary cap--$102 million in 2006, up from $85.5 million in 2005--which most reach...

Author: /time Magazine | Title: Changing The Play | 9/6/2006 | See Source »

...core conservative supporters, the infant prince is cause for both joy and relief. His birth is a guarantee that the supposedly unbroken line of male succession to the throne will continue for at least another generation. But though the country is busy celebrating the royal arrival - newspapers passed out extra editions on the streets of Tokyo and economists predicted the birth would spark a mini-baby boom worth over $1 billion - the desperate need for a prince shows how far women still have to go, even in modern Japan...

Author: /time Magazine | Title: Japan Celebrates: It's a Boy! | 9/5/2006 | See Source »

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