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...Analysts were quick to argue that this was not a rerun of China's ill-fated attempt to buy the American oil company UNOCAL four years ago, political opposition in Washington led CNOOC to withdraw its bid. This deal, they said, fell apart for economic - not political - reasons. The proposed Chinalco investment came when global commodity prices were at their nadir; BHP had walked away from a merger with Rio a few months earlier, and the company was in sudden and desperate need of cash to cope with a nearly $40 billion debt burden...

Author: /time Magazine | Title: Another Deal Blown, Where Will China Invest Now? | 6/7/2009 | See Source »

...same time, there's been a huge increase in the value placed on independence. It's like being an independent person is the most important thing, and an acknowledged sense of need and dependence on others - unless you're very, very young or ill - is reprehensible. So people find themselves in a terrible double bind...

Author: /time Magazine | Title: Why Nice Guys Should Finish First — but Don't | 6/4/2009 | See Source »

...thinking of the union leadership has shifted considerably over the past five months—from optimism that members could weather the fiscal storm without suffering too many ill effects, to sober recognition that sacrifices will have to be made to bring the University back into the black. “We were more hopeful originally that any changes in the staffing pattern or reductions would be incremental or spotty,” Jaeger says. “But it’s become clear in the past few months, it’s worse than that...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Amid Crisis, Workers Defy Union Image | 6/3/2009 | See Source »

...natural for political parties to seek power. As a Republican, I root for Republicans to win as many elections as possible. But I hope I am objective enough to recognize that our country is often ill-served by the concentration of political power in one party’s hands, regardless of which party holds...

Author: By Pat Toomey | Title: The Danger of One-Party Rule in Washington | 6/3/2009 | See Source »

...Universities should focus their attention instead on the growing financial needs of their enrolled student body. In response to the recession, many schools are anticipating significant tuition increases, but we believe that this is an ill-advised move, given that it decreases college affordability. Merit-based and athletic scholarships should be scaled back in order for schools to focus on need-based financial aid, which should be the clear priority in this difficult economic climate...

Author: By The Crimson Staff | Title: From Student Loans to School Uniforms | 6/2/2009 | See Source »

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