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...impetus the SWFs will provide to continued growth in global asset markets," says Alex Patelis, head of international economics at Merrill Lynch. But countries on the receiving end of such largesse remain wary. At a G-7 meeting of finance ministers held in Washington in October, SWFs were a major topic of discussion, partly due to concern about their potential impact on markets. SWF "investment policies, minor comments or rumors could spark volatility," said Clay Lowery, assistant secretary for international affairs in the U.S. Treasury Department, in a speech last summer. "It is hard to dismiss entirely the possibility...
...Investments by SWFs can be politically risky, too. In 2006, Temasek Holdings, an investment arm of the Singapore government, bought Shin Corp., Thailand's major telecommunications company, for $3.8 billion from the family of Thaksin Shinawatra, who at the time was Thailand's Prime Minister. Public outrage in Thailand over the sale of what was considered an important national asset to a Southeast Asia rival contributed to Thaksin's ouster as Prime Minister in a military coup in September...
...York City art group founded in 2005 to outfit the world's street artists with innovative, open-source technology. Given that L.A.S.E.R. Tag can be operated from hundreds of feet away, the opportunities for subversion are tantalizing. A message can be written on the face of a major public building and the perpetrators long gone before the authorities pinpoint where the laser came from. In a more everyday context, L.A.S.E.R. Tag's ability to allow artists to get their messages across without any permanent defacement of buildings may well increase public support for the art form. And ultimately...
...already know that, of course, if you're flying this month, as the six major airlines prepare to reduce flights and seats despite the heightened demand of the "holiday travel" season--a phrase that joins airline food and friendly skies in the pantheon of aviation oxymorons...
...source of concern. Non-tenure-track faculty, including graduate students, often don’t have as much time to devote to students. And their students can have difficulty finding mentors and getting recommendations when faculty may not remain at the university for a long time, Another major concern for organizations like the AAUP and the American Federation of Teachers is that a lack of tenure puts a “constraint on academic freedom.” “If a faculty member is worried about being rehired, that kind of person is going to be less likely...