Word: inflationitis
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If authorities hoped the rate increase would tempt small investors to keep money in the bank rather than dump it into an overpriced equity market, they're likely to be disappointed. Savings accounts in China yield about 3%. With annual inflation running at about the same rate, that's no...
Why indeed? Not everyone is convinced that a bust is inevitable. China's stellar track record of managing its economy over the past decade makes some analysts relatively confident a soft landing can be engineered. A hedge-fund manager in Shanghai notes that AIG, the insurance giant, tried this month...
Complaints about Harvard’s policies come at what the University’s annual financial report describes as an “especially challenging” time for research scientists here. Federal funding for Harvard researchers grew just 1 percent in fiscal year 2006, slower than the rate...
Indeed, perhaps the Harvard of fifty years ago provides a healthier academic and social model for us to follow. A substantive core curriculum ensured undergraduates learned math and read Shakespeare and Plato. Hyper-competitive students moderated themselves through a custom that shunned egoistic ambition. Grade inflation hardly existed, for earning...
The Detroit Three, though, held out. When they ran into trouble in the early 1980s, the UAW gave some ground on benefits. But in the 1990s the automakers came roaring back to profitability--helped by falling gas prices (which boosted the pickup and SUV segments still dominated by Detroit), a...