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...system itself collapsed in 1971, when President Richard Nixon severed the link between the dollar and gold - a decision made to prevent a run on Fort Knox, which contained only a third of the gold bullion necessary to cover the amount of dollars in foreign hands. By 1973, most major world economies had allowed their currencies to float freely against the dollar. It was a rocky transition, characterized by plummeting stock prices, skyrocketing oil prices, bank failures and inflation...

Author: /time Magazine | Title: Bretton Woods System | 10/21/2008 | See Source »

...neighborhood residents have expressed support for one of the major parts of BC’s plan—its acquisition of a 16-story apartment building on Commonwealth Avenue, which would bring the school closer to its goal of housings all of its undergraduates...

Author: By Nan Ni, CRIMSON STAFF WRITER | Title: Questions Linger For BC Expansion Plan | 10/21/2008 | See Source »

After exposure to months of campaigning, debating, and television ads, most voters will be familiar with the major presidential tickets this election day. But when it comes to the vast rosters of local and state candidates running for office in November, few people are as knowledgeable—a fact that Harvard Business School student Summer M. Nemeth intends to change,.Nemeth’s project, a new Web site called Imagine Election, allows Massachusetts residents to find personalized information about their local candidates by typing in their home address.The site is aimed particularly at students, who often...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Site Puts Focus On Local Elections | 10/21/2008 | See Source »

...doubt that they’re anywhere near that number yet.” But Sundquist said that he’s looking forward to using a “new and exciting” e-mail address which he said will probably earn him “major cool points.” He said he expects that the @college.harvard.edu e-mail addresses will be ready for use by students in the pilot program within the next few days. FAS IT declined to comment on any aspects of the e-mail changes until a formal announcenemt is made...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: Students To Test New Webmail | 10/21/2008 | See Source »

...vitriolic as this one, both the Harvard College Democrats and the Harvard Republican Club should be praised for their willingness to create a dialogue that focuses more on the issues at hand rather than engaging in vicious personal attacks. The outcome of this election is likely to have a major impact on both sides of the aisle, so we are especially appreciative of their efforts to focus the debate on an intelligent and respectful exploration of the various conundrums that confront our future policymakers. Despite the harsh words of older critics, who have taken our generation to task over...

Author: By The Crimson Staff | Title: Young and Apathetic No More | 10/20/2008 | See Source »

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