Word: nationalizes
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...behind the curve in seeing the risks to growth that the credit crisis posed and kept interest rates too high for too long. Though Europe is not in outright deflation yet, the pressures across the continent are all trending downward. Even in China, the world's largest developing nation, officials acknowledge that the risk of inflation - their main concern at the time of the Beijing Olympics in August - is gone. At a high-powered international financial conference in Beijing over the weekend, a senior People's Bank of China official acknowledged to TIME that "if anything, we now need...
...least, outside of these particular ethics questions. In 2004, South Korean researcher Hwang Woo Suk shot to fame after claims that his team had successfully extracted potentially disease-curing stem cells from a cloned human embryo. However, mere months later, Hwang's reputation dissolved after a Seoul National University panel concluded that much of his research was "intentionally fabricated." Hwang was accused of doctoring pictures of his supposed patient-specific stem-cell lines and was forced to resign. Though the controversy stunned South Korea, the nation resumed its cloning research, and in 2008 it unveiled seven Labrador retrievers, cloned from...
...international buyers as a $100 item, actually costs $187 to produce. It is currently sold through OLPC’s Give One Get One Program, which launched Monday through Amazon. For $399, people can buy one laptop and have a second donated to a child in a developing nation. For many children who receive the laptop, according to Negroponte, their first English word is “Google.” “I see this as a powerful tool that could transform education in developing countries,” said Calestous Juma, a professor at the Kennedy School...
...nine games this season, Pizzotti has completed 63 percent of his passes for 2,381 yards and thrown 17 touchdowns against just four interceptions. He leads the Ivy League and is 11th in the nation with a 149.51 passer efficiency rating...
...After a week in which they were berated for their incompetence, the automakers reacted to the proposal with cautious optimism. "We appreciate the Congress's recognition of the auto industry's vital contribution to the nation's economic strength and national security. We intend to deliver a plan to Congress that shows them a viable General Motors," said GM spokesman Greg Martin. "We agree completely that there must be accountability to U.S. taxpayers for government support that enables automakers to continue their restructuring and to ensure a stronger, more competitive auto industry." For its part, Ford, which is the strongest...