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...reinventions--moved on to bankroll development in other countries. The idea was to lend to governments that were creditworthy but had no access to rich-country capital markets. "Now we live in a world where there are huge global capital markets, where, if anything, investors are too willing to invest in developing countries," says Adam Lerrick, a former investment banker who teaches economics at Carnegie Mellon University. The World Bank's net lending has plummeted over the past few years, even as it keeps shopping loans to the likes of Brazil, Turkey, Russia and China, sometimes on hugely generous terms...

Author: /time Magazine | Title: The World Bank's Real Problem | 5/3/2007 | See Source »

...which she argued that the increasing participation of women in the workforce was a slow and historical process not dependent on the advances of any one generation.She followed this up with three papers studying the positive effect of the birth control pill on women’s willingness to invest in careers, all co-authored with Katz.“We’re probably pretty good at monitoring each other’s work hours,” Katz says.Goldin says her work on the pill was “very specific to the moment when women were coming...

Author: By Sophie M. Alexander, CRIMSON STAFF WRITER | Title: Goldin Demystifies Gender Economics | 4/26/2007 | See Source »

That will let IHG invest in growth, because travel is on the verge of an unprecedented, even unstoppable boom, says Cosslett. In the West, baby boomer retirees will be heading for the airport, not the rocking chair. In the developing world, more than a billion people have been freed to travel. Chinese tourists alone will make 100 million trips annually over the next decade. The global village is here, and any company parked on its intersections is going to do fine. But in view of the coming tourism onslaught, Cosslett says, "it's a good time to see the Sistine...

Author: /time Magazine | Title: On the Road with Andy Cosslett | 4/19/2007 | See Source »

...House Formal Standard courtyard, classy dress-up deal. They got rid of the tent this year in an effort to save money and make it more of a classy evening garden affair, and less of a sweaty college party. With the extra cash, they’re looking to invest in a champagne fountain and impressive floral arrangements. Verdict: No Lather, so inherently NOT. The Lowell Bacchanalia With two of Harvard’s most beautiful courtyards, Lowell has a major venue advantage. Lowell plans to put a swing band and a salsa band in each, in addition...

Author: By Elizabeth B. Rose, CONTRIBUTING WRITER | Title: Springtime: Open Bars, High Spirits | 4/18/2007 | See Source »

Will the new General Education system be the Core 2.0 or a breath of fresh air? Will advising remain hit-or-miss? Will the instruction of writing at the college remain sub-par? Or will Harvard truly invest in the future of its undergraduates?The answers to all of these questions lie in the hands of the next dean of the Faculty of Arts and Sciences (FAS). How he answers them will determine the hallmarks of a Harvard education for the next generation.The most obvious issue pertaining to undergraduate education on the dean’s plate is the ongoing...

Author: By The Crimson Staff | Title: The Dean and his Program | 4/15/2007 | See Source »

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