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...example, was founded as a trading company in Guangzhou in 1906. But when the Communist Party took power in China in 1949, exports from China slowed to a trickle. Hong Kong then became a formidable manufacturing hub in its own right?until the colony's growing wealth (its per-capita income is second only to Japan's in Asia) began to impede growth. By the 1970s, costs were rising so quickly that Hong Kong became uncompetitive in basic manufacturing compared with newly emerging economies elsewhere in Asia. Geography saved the day. In 1979, Deng Xiaoping began opening China to foreign...
...count our blessings (we'll get to the bad news in a moment.) Economically, the world has not sparkled so brightly in years. Since 2003, the global economy has been expanding at a heartening clip - close to 5% per year, according to the International Monetary Fund, which foresees more good years to come, at least until 2010. Globalization is acting precisely as predicted - as an engine of growth that accelerates investment by leveling borders and speeds up consumption by driving down prices. These competitive pressures also bear down on costs, and so money remains cheap while (core) inflation is safely...
...much will you owe if you return a Lamont reserve book 47 years from today? $4,944.12: Pretty steep price for that two-page response paper, eh? THE MATH: 2 cents per minute x 60 minutes/hour x 24 hours/day x 365 days/per nonleap year=105.12 2 cents per minute x 60 minutes/hour x 24 hours/day x 365 days/per leap year=105.14 105.41 x 12 leap years=1264.92 105.12 x 35 non-leap years=3679.20 $4,944.12 for the next 47 years...
...Brady jerseys and Red Sox hats and start yelling “Yankees Suck.” As one case in point, if one were to judge by student attendance at the wild rally after the Red Sox World Series victory, one would guess that something like 99.9 per cent of Harvard students hail from New England and, more than that, actually care about baseball...
...side and four on the Big Green’s, in energizing two of the country’s best statistical offenses and elevating the play of those around them. Four of these talents dot the listing of the nation’s top ten in points per game; Harvard co-captain Julie Chu is first, teammate Sarah Vaillancourt is fourth, and Dartmouth wingers Gillian Apps and Sarah Parsons rank ninth and tenth, respectively. Chu and Parsons, along with Crimson junior defender Caitlin Cahow, donned the Stars and Stripes in Turin. Vaillancourt and Apps, along with the Big Green?...