Word: fallen
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...peso into record export earnings. "Argentina," crows Central Bank president Martín Redrado, "is enjoying its most solid macroeconomic context of the past 30 years." In Brazil, Lula's election (and 2006 re-election) did not render the region's largest economy a leftist basket case. Instead, inflation has fallen from 12.5% in 2002 to less than 4% today. Brazil's real has climbed 56% against the U.S. dollar, and the Săo Paulo stock exchange, the Bovespa, is soaring. And since the U.S.-Chile free-trade agreement took effect in 2004, Chilean exports to the U.S.--including all that...
...Australia. White colonization in America began as a religious venture; the Puritans thought they were, literally, creating God's country. Australia, by contrast, began as the continent of sin, the dump for English criminals. Australians, unlike Americans, have never felt they had a mission or a message for a fallen world. There is no doctrine of Australian exceptionalism. If this deprived us of the heights of American moral expectation, it spared us from the anguish of American disappointment. Not a bad trade...
...major drugs expire, Novartis is poised for several years of steady double-digit expansion. This year its shares in the U.S. are up about 10%--the best performance among major drug companies--even as the Morgan Stanley Capital USA Health Care Index, a basket of big drug stocks, has fallen about 25%. Novartis is the 17th most valuable company in the world, up from 27th last year...
...reigning Ivy Coach of the Year Craig Robinson is presidential candidate Barack Obama’s brother-in-law. Brown is led by the guard tandem of Mark McAndrew, the leading scorer in Ivy games last season, and dead-eye shooter Damon Huffman, who is balding.7. PRINCETONThe mighty have fallen in Jersey—Harvard came oh-so-close to toppling the Tigers in Princeton last season. Sydney Johnson was installed to be the leader of the turnaround, which starts with a return to the bottom of the Ivy ranks. 8. DARTMOUTH Junior forward Alex Barnett is too good...
Leaves have fallen and temperatures are falling, but the excitement is high. It’s officially basketball season.The Harvard women’s basketball team looks to begin the 2007-2008 season just as it ended last season—with a bang. “We have so many players back and we have so much potential in our freshman class—we only lost one kid,” coach Kathy Delaney-Smith says. “We think we are the best, and we expect to win the title.”The Crimson...