Word: marketeering
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Restructuring OCR as a matching service, rather than merely a listing of “unverified” internships and interview space, greatly spreads the risk employers currently bear. OCS should be an impartial intermediary to match market players, though, granted, this is not an entirely closed market. Nevertheless, with preferences blind to the other side, the problem of information asymmetry can be resolved for those who do recruit, as each party is incentivized to honestly and openly reveal its preferences, which is what is lacking in the current system. Job scarcities will still lead to students...
Childs says that the unique combination of calendar reform and a struggling job market has taken its toll on HUDS employees. “We suspect that some will lose their homes, be evicted, and become homeless within the next year,” Childs says. Moreover, he predicts that the crisis will especially affect single mothers and the younger, inexperienced workers who haven’t earned many days of paid leave, both of whom make up a large part of the HUDS work force...
...University-affiliated childcare—still leaving much of the expense uncovered for many parents. The program was extended through this year, but its renewal is now in doubt amid the bouts of cost-cutting that have followed Harvard’s $11 billion loss during the recent market crash. The Medical School has also shown a willingness to help, giving April $3,500 a year for outside childcare. But even at an inexpensive family daycare, that doesn’t pay the bills...
...Calming fireworks. It was the sort of request that tells a great deal about the charm and dangers of life in China. This is a country that runs on contradictions, whether it is the market socialism that now produces record economic growth or the plans for giant green cities, an idea that seems as likely as healthy cheeseburgers. This is a nation where party élites who have done well during the era of reform now complain ever more loudly about the ruling Communist Party. Split, ambitious, miraculous at times, but stretched on that line between past and future - this...
...struggles with China over the relative value of its currency capture this dynamic well. The renminbi - it means "the people's money" - is the place where China's control economy touches the free-market world. Just as tensions with the Soviet Union sharpened at places where systems collided, the same will be true of China: the renminbi is the new Berlin. It needs to be handled with appropriate sophistication by both sides, especially since it reveals a deeper tension. Chinese find it inconceivable that the dollar will be the only global reserve currency in 10 years; Americans find it inconceivable...