Word: noted
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...backlash against the Chinese presence. Corruption is serious, institutions are weak and political risk in various African countries remains high, meaning the possibility of social and economic breakdown is real. No one will bet their house on continued growth in many African countries. But the West should take note: China has a plan to seize the advantage should the African consumer take flight...
...question now is what SBY will do with the overwhelming mandate he received from the Indonesian people in July. In his first foreign-media interview since his re-election, the President sounded the note of change: "Bureaucratic reform is one of my top priorities and so is combating corruption. If we achieve this, we can create a conducive climate for our economy to grow and our people to prosper." Dumping a marriage-of-convenience Vice President from his first term, SBY selected respected former central banker Boediono as his No. 2 this time around; despite political pressure, he has kept...
There's not much to add to the first point - that really bad stuff can happen - other than to note that capitalism has just experienced the equivalent of a meteor near miss. But the second and third points demand more explanation. The reason a big federal debt undermines the dollar is that a government with really big debts will be tempted to inflate its way out by printing money to pay creditors. Printing more dollars (the process actually involves the Federal Reserve's purchasing government securities with dollars it conjures out of thin air) reduces the value of existing dollars...
...staffers note that Hayward’s successes are not limited to the Quad, as the candidate plans to extend his advocacy across campus...
...plane over from New York, "but I love the Pacman." The rowdy rivalry between the two island peoples (appropriately abbreviated P.R. vs. R.P., Puerto Rico vs. the Republic of the Philippines) did its fair share to rev up excitement in a town that is used to ethnic marketing (note the billboards for visiting superstars from South Korea, north Africa and Israel, alongside those of Bette Midler and Carrot Top). On fight night, national flags were worn as athletic costumes, though the big money men were still accompanied by towering escorts in body-tight metallic lamé and slave-ankle stilettos...