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...Strengths and Challenges of Colombia’s Economy,” Zuluaga used a PowerPoint presentation filled with tables and graphs to illustrate to the audience evidence that Colombia has had “the best economic growth during the last 5 years, averaging 5.1 percent per year.” He explained that since 2004, the Colombian government has poured significant sums of money into improving Columbia’s attractiveness to foreign investors. As a consequence, the demand for domestic labor and the foreign direct investment have both greatly increased in the past four years. While...

Author: By Youho T. Myong, CONTRIBUTING WRITER | Title: Finance Minister Speaks of Weakness | 10/8/2008 | See Source »

...Other such examples of my staggering inability to master the minute include the four-week -long hell storm that was learning to tie my shoes. This consisted of exactly one attempt per day, followed by a temper tantrum comparable to that of an infant, and concluding with the vow to never wear shoes again...

Author: By Kate E. Cetrulo, CRIMSON STAFF WRITER | Title: Life’s Simple Pleasures | 10/8/2008 | See Source »

...cost of insurance against a Morgan Stanley credit default recently exceeded an unheard of 1000 basis points, even after the bailout bill was signed into law. That means the market price for insurance against a $10 million Morgan Stanley default hit $1 million per year, more than 10 times the typical ceiling cost for such insurance in a normally functioning bank sector. "The bailout is a step forward, but it's not at all clear that it's going to work," says Darrell Duffie, professor of finance at the Stanford University Graduate School of Business...

Author: /time Magazine | Title: Why the $700 Billion Isn't Helping | 10/7/2008 | See Source »

...Implementation of a bioengineering curriculum as per the ambitious time-table is contingent on whether a permanent dean of SEAS is appointed. Hyman said that the new dean should have an instrumental role in developing the curriculum and “a sense of ownership...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Receives $125 Million for Biological Engineering | 10/7/2008 | See Source »

...past five years, growth is slowing fast. Look only at the price of steel - as useful an industrial proxy for China's economic boom as any. According to Mysteel, a Shanghai-based consulting firm, the price for products used primarily in construction have fallen to less than $590 per ton, down almost 20% in just four months, forcing some companies into the red in what had been a booming industry. Baosteel, one of China's largest steelmakers, has cut prices twice since August, and its CEO is glum: The era of rapid growth for China's steel industry "will soon...

Author: /time Magazine | Title: China's View of the Financial Mess: Alarmed But Confident | 10/7/2008 | See Source »

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