Word: owner
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...suddenly everybody remembered the global economy, and the Asian flu of 1997 and how it could be a whole lot worse this time around. Japan, despite a decade of slow descent, is still the world's second biggest economy, and besides that the biggest foreign owner of U.S. Treasury bills. If falling Japanese stocks drag down the Japanese banks that - amazingly - use those very stocks as collateral, they might have to start selling. All those Treasuries hit the market, U.S. interest rates hit the roof - a familiar worry, but this year? Sayonara slowdown, hello recession...
...Awosting was one of the first residential camps to offer computers as an activity back in the early 1980s. And five years ago, it became one of the first to offer e-mail. "It satisfies some of the need for instant gratification that both parents and kids feel," says owner-director Buzz Ebner. Each child has an individual account and can receive and send e-mails during free time on the camp's 11 networked terminals. Any problems? Sometimes parents become alarmed when their child fails to respond promptly to their e-mail--usually because he is too busy with...
...fashioned way, with pencil and paper. "One of our goals is to make sure children gain a sense of independence. If they were able to e-mail Mom and Dad to be rescued every time something came up, that would destroy the whole value of camp," says owner-director Linda Courtiss. "Plus, parents would want to micromanage their kids from a distance--and that would be a camp director's nightmare...
...figured out how to tuck a crisp $5 bill into an e-mail or fax for spending at the camp store (though that will come soon enough). No matter how the mail arrives, says Rodger Popkin, president of the American Camping Association and co-owner of Blue Star Camps in North Carolina, "if we're doing our job properly and children are thriving in camp, the news from home is just a blip on their screen...
...reputation of the Grille forever soiled. Some, no doubt, will cease to drink there, unwilling to be patron to a place so tainted by scandal. But we call upon all good Harvard students to continue to support the Grille in this, its trying hour of need. The owner and managers of the Grille are decent and humble folk, and we are certain that this black mark--like those of five earlier sting operations and $12,000 previously paid in alcohol fines--will forevermore weigh heavy on their brows...