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Dates: during 2000-2009
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...Having gone through rehab after the 1997 Asian financial crisis, the region's financial institutions went into the current Great Recession with robust balance sheets that they can now leverage up by acquiring the assets that Western banks are shedding. China's banks are in a particularly sweet spot. Grown fat on years of sizzling GDP growth, Bank of China (2008 profit: $9.7 billion) has a leverage ratio of only...

Author: /time Magazine | Title: Why China's Banks Are Stronger than America's | 6/3/2009 | See Source »

...Amidst these changes, we have grown up as a generation of instant gratification. The simultaneous rise of video technology and online news sources has engendered a profound sense of nostalgia—not entirely unjustified—lamenting the disintegration of our national discourse into one of soundbytes and an American youth plagued by generational ADD. After observing a teenager’s impatience with the sloth of text messaging, comedian Louis CK commented wryly, “Your message is going to space. Give it a second.” Moreover, our vocabulary has come to reflect the speed...

Author: By Audrey J Kim | Title: Communitas v. 2009.0 | 6/2/2009 | See Source »

...message from this panel of non-scholars fit perfectly with bi-coastal elite fashion: Our food should be organic, local, and slow. These ideas have no scholarly pedigree. The assertion that food should be grown without synthetic nitrogen fertilizer (“organically”) can be traced back nearly a century to an Austrian mystic named Rudolf Steiner who also believed in cosmic rhythms, human reincarnation, and the lost city of Atlantis. The idea of eating locally comes from the founder of a community-supported kitchen in Berkeley, California. The idea of slow food was first popularized...

Author: By Robert A. Paarlberg | Title: Harvard and Sustainable Food | 6/2/2009 | See Source »

...correspondents, 6,000 letters between Bernard and Mary, their diaries, manuscripts, and other personal records.It is the library, though, which was most beloved by Berenson, who reportedly said that in an afterlife, he would have liked to haunt his library. Today, the Biblioteca Berenson has grown from the original 50,000 volumes to about 150,000 volumes, and over 300,000 photographs and other visual materials are housed in the Fototeca Berenson, which will soon be made digitally accessible.‘AN ARCADIA’Since the original class of six post-doctoral fellows first convened...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Art Scholar Bequeaths Villa to Harvard | 6/1/2009 | See Source »

Cyberattacks have grown more frequent and destructive in recent years. One form of hacking - the denial-of-service (DoS) attack - has apparently even become a tool of war. The attacks are designed to paralyze websites, financial networks and other computer systems by flooding them with data from outside computers. A 15-year-old Canadian with the handle "mafiaboy" launched the first documented DoS attack in 2000, against numerous e-commerce sites, including eBay and Amazon.com, shutting some down and wreaking havoc that cost an estimated $1.7 billion. In 2007, entities believed to have been associated with the Russian government...

Author: /time Magazine | Title: Cybercrime | 6/1/2009 | See Source »

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