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...Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan...

Author: /time Magazine | Title: How China Is Capitalizing on the Economic Crisis | 4/13/2009 | See Source »

...greater say in the IMF, and it has called for the creation of a new international reserve currency to replace the greenback. Though this idea is unlikely to ever become reality, just by floating the possibility, Beijing is signaling to the world that it wants to be a major player...

Author: /time Magazine | Title: How China Is Capitalizing on the Economic Crisis | 4/13/2009 | See Source »

...baseball jerseys and munching on Cracker Jacks occasionally called out with a boo or hiss. Gammons reflected on the extent to which baseball, whose prominence on the international stage has increased substantially in the past decade, mirrors the melting-pot composition of American culture. He recalled the words of Major League Baseball pitcher Orlando “El Duque” Hernandez, who fled Cuba to play in the United States and later acknowledged of his fellow ballplayers: “We all came over by boat.” “In that way, baseball reflects...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: All-Star Panel Weigh in on Baseball at Forum | 4/13/2009 | See Source »

...flashing the leather and connecting on big hits, Rogers looked at home on a major league diamond. But Harvard as a team must connect more pieces if it hopes to produce more victories. With six Ivy League contests in as many days, the Crimson will look to get back to the business of winning as it enters a critical stretch of the Ancient Eight season...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Crimson Lets Consolation Lead Slip Away | 4/13/2009 | See Source »

...major Harvard teaching hospitals announced Friday that they have adopted an extensive conflict of interest policy, culminating a two-year assessment of hospital ties to the pharmaceutical industry. After over a year of controversy, Massachusetts General and Brigham and Women’s Hospital will now prohibit doctors from receiving gifts from pharmaceutical companies. The Partners Commission on Interactions with Industry policy will also require physicians to report their relationships with drug companies to patients. Further, executives of Partners HealthCare—the company that owns the two hospitals—will face strict limitations on their involvement with...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Hospitals Adopt Stricter Policies | 4/13/2009 | See Source »

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