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...that policymakers everywhere will have to go back to the drawing board to figure out a more effective system of financial-crisis management. "Governments are making the same mistake over and over again. They're trying to deal with the crisis on a piecemeal basis," says Dennis J. Snower, president of Germany's Kiel Institute for the World Economy. He advocates a far more ambitious solution, including the creation of a new international agency that can act as a lender of last resort to stricken banks. In Washington, Robert B. Zoellick, president of the World Bank, concurs that only...
...state can give to local communities. “One would find it hard to believe that they would be able to lose 40 percent of revenue stream and not have to reduce state aid to local cities and towns,” said Cambridge Budget Director David J. Kale. State senator Anthony D. Galluccio, a former Cambridge city councillor, expressed similar concerns. “The initiative would have a dramatic impact on local services,” said Galluccio. “If the city gets far less local aid, they will have to make cuts, and they...
...students interviewed yesterday said that he had the highest regard for Palfrey, saying that “you can basically ask her anything.” “She’s like an open book, full of knowledge on childhood and health care,” Mihir J. Chaudhary ’12 said. “She’s pretty much awesome...
...from the ease of the rest of the show, the play mostly maintains a steady pace and keeps the audience wondering how everything will intertwine to complete the story. The intimate style of the Loeb Experimental Theatre is appropriate for this personally engaging play. The set, designed by Kevin J. Davies ’10, consists of a sparse hospital room, an empty space filled with a single park bench, and an apartment with a large couch and cozy furnishings, and is symbolic of the two worlds that Callie and Sara are torn between. The comfortable, safe feeling...
...only temporary. Early estimates predict this year's harvest will be as much as 30% below average, because of a lack of fertilizers, which means the food shortage in 2009 could well be worse. For the North Koreans, the coming months could provide a sickening feeling of déj...