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Other buying opportunities will arise as Western banks, particularly those that have been bailed out by their governments, exit the world stage in order to refocus on their home markets. When these institutions regain their strength and start venturing out again, however, they may well find Chinese and other Asia-Pacific banks ensconced and thriving in many parts of the global marketplace - and ready to challenge them on their home turf...
Many people on both the right and the left like to portray environmentalism as sacrifice - denying oneself some kind of pleasure (a heated pool, extra space in an SUV, the convenience of dry cleaning) in order to help save the planet. Conservatives do so partly because they believe pursuing self-interest in the form of material pleasures is necessary for the proper functioning of markets. Liberals do so because they believe rampant materialism can distort the proper functioning of democracies (and because "Yes We Can" T shirts don't need dry cleaning anyway). But what if environmentalism didn't really...
...blatantly wrong.” He added that schools and departments around the University have only begun requesting meetings with the union this past week. Under the union’s negotiated contract, Harvard is required to notify and consult with the union before conducting any layoffs in order to allow the union to propose alternatives to job cuts, Jaeger said. Similarly, University spokesman Kevin Galvin said that while Harvard will likely “have to make further changes to the size of its workforce” in the face of an unprecedented fiscal crisis, discussions with union partners...
...seems like they just fight for fighting’s sake,” says a union representative who requested to not be named in order to preserve her relations with union members. “It’s not that I dislike them—they’re like a curiosity, really...
...stimulus funds have temporarily swelled the budgets of federal science agencies, the long-term picture for government funding is hazy at best, and may fall victim to deficit-cutting two years from now. Within Harvard, the deans and central administrators have had the unenviable task of cutting budgets in order to match our expenses to our newly constrained resources. We have all spent many hours since October engaged in these painful exercises...