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...urgency to understand how these huge pools of private capital can disrupt markets. In the U.S., California lawmakers and regulators are pushing a proposal that would require larger hedge funds that have fewer than 15 clients to register and to open their records to state oversight. In Europe, the German government is spearheading an inquiry into the subprime crisis by the G7 group of industrialized nations. While hedge funds were not at the center of the credit crunch, "It's the duty of the G7 to look at where there could be black holes in financial markets and black holes...

Author: /time Magazine | Title: Which Way Out? | 11/1/2007 | See Source »

Other companies have heard Harvard’s message. The German engineering conglomerate Siemens, the Swiss-based power company ABB, and CHC Helicopter of Canada have all said that they will leave Sudan. In April, Rolls Royce announced it would shut down its activities there as well. “This is a responsible line to adopt in the current circumstances,” the carmaker said...

Author: By Peter N. Ganong and Daniel J. Hemel | Title: Don’t Bank on Genocide | 10/31/2007 | See Source »

...Caucasian students are arguably more likely to encounter questions of academic purpose when they choose to focus on ethnic disciplines. Solomon, who identifies herself as Latin American and German, often encounters the accusation, “Oh, you want to date Arab guys—is that why you’re studying the Middle East...

Author: By Diane J. Choi, CRIMSON STAFF WRITER | Title: Looking in the Mirror? | 10/31/2007 | See Source »

...Even with that substantial bump, Sarkozy's new remuneration won't be the envy of many of his international peers. The annual salary of U.S. President George W. Bush, for example, is $494,000, versus $384,000 for U.K. Prime Minister Gordon Brown, and $391,000 for German Chancellor Angela Merkel. Sarkozy's official income is also dwarfed by that of European pay champion, Ireland's Bertie Ahern, who pulls in a cool $446,000. Nadine Morano, spokeswoman of Sarkozy's ruling Union for a Popular Movement party, argued that the increase was insignificant when viewed in broader terms. "Think...

Author: /time Magazine | Title: Sarkozy Moves to Boost His Salary | 10/31/2007 | See Source »

...order to become law the proposal requires the approval of the Bundestag, or Parliament, and the conservative Christian Democratic Party (CDU), which governs in coalition with the SPD, are opposed. Angela Merkel, the otherwise environment-friendly German Chancellor and a member of the CDU, said that no such change would take place on her watch. She said that Germany would be better off improving traffic circulation in order to reduce the amount of time cars spent in traffic jams. Other parliamentarians said Germany should push technical fixes such as more fuel efficient cars...

Author: /time Magazine | Title: No More Fun on the Autobahn? | 10/29/2007 | See Source »

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