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...This is not to suggest that all emerging markets are attractive. There are major gas pockets in China stocks, which are trading on mainland bourses at levels reminiscent of the heady days of the dotcom bubble. Hong Kong's stock exchange, where many China companies are listed, is experiencing similar exuberance, having risen more than 40% since mid-August. Soaring markets like these are getting a lot of press. But don't make the mistake of assuming all emerging markets are overvalued just like they were 10 years ago, right before the last bubble popped. That would be like driving...
...change, said Petersen, and “this process of decisions made behind closed doors, this disempowerment of students, this denial of citizenship—must end now.” Petersen’s point was a valid and important one. The lack of student input in major university decisions continues to affect the community. For example, as Petersen pointed out the Administrative Board, an assembly of more than 30 faculty and administrators that adjudicates “academic regulations” and “standards of social conduct,” does not have any student members...
French President Nicolas Sarkozy has repeatedly used the politically provocative term "rupture" to characterize the sweeping reforms he hopes will force a break with France's socio-economic past. On Thursday, Sarkozy will be getting his first major taste of opposition to his quest to create such a breach: massive public sector strikes that will not only shape the future of Sarkozy's entire reformist drive - but perhaps his entire presidency as well...
...Work stoppages starting Wednesday night and running through Thursday will cause cancellation of nearly 90% of all scheduled train service across France, and is expected to bring public transport in almost 30 major cities - including Paris - to a standstill. The movement will also be backed by other public employees involved in a contested pension reform: limited disruption is expected in schools due to striking teachers, for example, while the Paris Opera and Comédie Français have already canceled their programs for Thursday with virtually all their public sector staff set to walk out. At issue: the government...
...That proposal was eventually withdrawn, though the unrest it provoked played a major role in the right's ousting from power nearly 18 months later - due mostly to public support of the strikers amid sentiments that heavy-handed conservatives had sought to snatch away long-enshrined entitlements...