Word: lacked
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...does matter. In Asia (with the exception, perhaps, of India), it is virtually unthinkable that an individual from a minority could rise to become a serious national leader. Whatever we may think of the U.S., of its hardly stellar handling of the conflicts in Iraq and Afghanistan, of its lack of oversight, restraint and thrift over the financial meltdown, the fact that a Barack Obama can overcome the disadvantages associated with being black and have a shot at the highest office in the land speaks volumes about the possibility of hope in America - a possibility that cannot be entertained...
Uncle Sam may be knocking at Mass. Hall soon. Last week, the Internal Revenue Service (IRS) announced it would seek financial records from 400 tax-exempt American colleges and universities in a continuing review of their fiscal practices. Clearly, the government remains skeptical about the lack of operational transparency in educational institutions. The 33-page questionnaire—which Harvard may or may not be selected to complete—seeks to uncover universities policies regarding everything from endowment spending to executive compensation. The decision by the IRS to gather this information is not objectionable, as they undoubtedly have...
...optional trend is at least due in part to a favorite claim of social justice types: that the SAT discriminates against students from lower socioeconomic backgrounds. For proponents of this claim, such a statement from the venerable Fitzsimmons is an exciting turn. However, there is simply a lack of compelling evidence to suggest that the SAT caters dramatically toward students with financial means. That so many participants of this particular educational debate have become fixed on making this a class war is unfortunate, and it begins to reflect the degree to which our culture of political correctness is damaging...
...those in New York, London or Tokyo. But Chinese regulators believe the slow, deliberate pace of reform has helped insulate the country from the worst of the current market turmoil. Consider China's banks. Five years ago, by all accounts, they were a disaster area, plagued by bad loans, lack of capital and poor management. In 2003 nonperforming loans made up 17.9% of their total portfolios, according to government figures. By the end of last year, that figure had plunged to just 6.7%. Over the same period, according to a study by Nicholas Lardy of the Peterson Institute of International...
...crops might give a respite to the food crisis when they become available later this year, but some aid workers and North Korea watchers believe the relief will be 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...