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WASHINGTON—Former University President Lawrence H. Summers argued that developing nations should invest more of their foreign exchange reserves in equities, rather than relying on U.S. treasury bonds, in a speech at the World Bank Thursday...

Author: By Evan H. Jacobs, CRIMSON STAFF WRITER | Title: Summers Encourages Aggressive Third-World Investment | 9/8/2006 | See Source »

...central banker and I choose to invest my reserves more aggressively and I am successful...[most people] will never know what I did,” he said. But if those investments fail due to a weak market, central bankers face “substantial career risk...

Author: By Evan H. Jacobs, CRIMSON STAFF WRITER | Title: Summers Encourages Aggressive Third-World Investment | 9/8/2006 | See Source »

Esprit intends to invest $20 million a year in the U.S. business, but some retail-industry watchers say it may need to get more aggressive. To win customers in the U.S., Esprit has to spend more on splashy marketing to create new buzz around the brand, they say. "Word of mouth takes a long time to spread," says Marshal Cohen, a retail analyst at market-research firm NPD Group. "They've got to do more than open doors. This isn't the Field of Dreams." Meanwhile, analysts complain, the brand still fails to resonate, especially with younger consumers...

Author: /time Magazine | Title: Global Players: Esprit Comes Home | 9/3/2006 | See Source »

...will we achieve that? By letting free markets discover the best solutions and invest in them. Create a market for carbon removal, and set limits on companies' allowance for carbon emissions. Companies that pollute less get credits and can then sell those credits to other companies, who buy them to offset their excess carbon. A similar market system for sulfur dioxide is already in place to cut sulfur pollution in half by 2010, dramatically reducing acid rain...

Author: /time Magazine | Title: California's Global-Warming Solution | 9/3/2006 | See Source »

...California, spread across the country and finally been embraced and consolidated in national legislation. So Washington, do you hear us? A national approach is inevitable, and we should start now, before states form a patchwork of 50 different plans. Predictability and consistency will encourage businesses across America to invest in going green. Going green may be the largest economic opportunity of the 21st century. It is the mother of all markets. Going green is the next big thing. And the next generation insists...

Author: /time Magazine | Title: California's Global-Warming Solution | 9/3/2006 | See Source »

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