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Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise and that accounting reform and better supervision have made Chinese companies more attractive. The country's GDP grew 10.7% last year, the highest rate since 1995. But the alarm is being sounded by Beijing officials, who are worried there could be another Chinese market meltdown like the one in 2001 that soured the public on stocks for years. On Dec. 30, Cheng Siwei, a vice chairman of the National People's Congress, cautioned investors against "blind optimism...
...unusual access for her new book, Supreme Conflict: The Inside Story of the Struggle for Control of the United States Supreme Court (Penguin Press; 340 pages), including interviews with nine current and former Justices. The result is a rare inside look at the strange, hermetic world of the highest court in the land. The book reveals Clarence Thomas--often seen as Antonin Scalia's understudy--to be a surprisingly forceful conservative voice on the court who sways Scalia rather than the other way around and who pushes more moderate Justices leftward in reaction. Greenburg also shows that when William Rehnquist...
It’s exceedingly rare for the Harvard Corporation to attract national attention—usually that role falls to the president—but Harvard’s highest governing board did just that recently by taking a major step forward in the development of interdisciplinary study at Harvard. The Corporation announced that it will write a check for $50 million for interdisciplinary science research and create the Harvard University Science and Engineering Committee (HUSEC), a new University-wide standing committee that will oversee the initiative. Creating and funding a cross-disciplinary authority marks an innovative and commendable...
...endowment holdings, however, is only available to the board and senior administrators.” The report rated the 100 richest American and Canadian universities on their environmental sustainability practices, examining both endowment and campus initiatives. Dartmouth College, Stanford University, and Williams College also averaged an A-, the highest average awarded. “The goal of the report is to spark discussions,” said Mark Orlowski, who is the founder and executive director of the institute. “It’s a way to measure current activity and encourage and create opportunities for innovations...
...question his authenticity as a black man. In calling Obama the "first mainstream African-American who is articulate and bright and clean and a nice-looking guy," the implication was that the black people who are regularly seen by whites - or at least those who aspire to the highest office in the land - are none of these things. But give Biden credit - at least he acknowledged Obama's identity...