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Spending Where it Counts Re Inbox Dec. 22: Sol Kerzner, along with other South African hoteliers, donated a large sum to kick-start the fund for a new hotel school at the University of Johannesburg. Without this the school probably would not exist today. After the tragic death of Sol's son, the family started the Butch Kerzner memorial bursary fund for underprivileged gifted children to study in the hospitality industry. This will fund up to 10 children's studies next year. Beside all this is the example Kerzner has set for others to grow our industry. Henk Bredenoord...
...Germany Better Late than Never After months of denying there was any need for a rescue, Chancellor Angela Merkel unveiled a $66 billion stimulus package and a $132 billion loan fund to help Europe's largest economy through its worst recession since World...
...respect…and admiration for Fidel,” at a time when La Paz’s crackdown on political opposition and his economic policies are isolating his country from most foreign markets. Perhaps most tragically, the terrorists of the Colombian FARCs speak of equality, but fund their devious state-within-a-state through cocaine rather than communitarianism...
...ideal focus of infrastructure spending would be green projects that help reduce our addiction to fossil fuels, but there's only so much of that ready to go. Nathaniel Keohane of the Environmental Defense Fund started ticking off his wish list in an interview: $1 billion for homeowners to install energy-efficient windows, $750 million for truckers to use fuel-efficient equipment, $600 million for smart boiler controls. "Still $998 billion to go," he said with a sigh. "Really, I spent time on this, and it's a reach to get to $100 billion." Obama and his team are starting...
...friend. But the question of who will have the most influence on policy is still a fair one. Summers is famously rumpled, brilliant and occasionally rude. During the Asian crisis, he woke up his Japanese counterpart when he found out the Tokyo government was trying to arrange a bailout fund outside the purview of the International Monetary Fund and the U.S. Treasury. "I thought you were my friend!" he told the startled Japanese bureaucrat. Summers was one of the most brilliant economists of his generation at Harvard, getting tenure at age 28 - the ultimate economic whiz...