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...companies that will develop earthquake-resistant products. Once Beichuan is rebuilt, a process that is estimated to take three years, Zhang hopes that the firms can then produce materials for seismic hazard zones elsewhere in China and abroad. The strain on Zhang and other local bureaucrats is severe. A quarter of government officials died in the quake, and the disaster continues to take victims. On Oct. 3, a Beichuan official who lost his only son to the quake killed himself. Zhang says his job keeps him from remembering what happened to his wife and daughter. "When I'm buried...
...Bankruptcy has never really worked for banks, because mere rumors that a bank is headed for failure can drive it under. That's why Congress long ago created a separate regulatory system and reorganization process for banks, with the Fed and the fdic at the center. Over the past quarter-century, though, a "shadow banking system" of investment firms, hedge funds and derivatives dealers grew up that was subject to the same risks as banks but not the same rules. In September, Lehman Brothers, a major cog in this system, filed for Chapter 11. In one sense the process worked...
...sidewalk: online retail sales this holiday season are expected to grow 12% over last year, to $44 billion, predicts Forrester Research. And discount chains like TJ Maxx, Wal-Mart, Costco and BJ's Wholesale Club should see strong sales as they hammer away at prices. BJ's third-quarter merchandise comparable sales were up 7% vs. 2007's. "Our position is serving us well in this economic environment," says Laura Sen, BJ's president...
...local government tentatively plans to turn the remains of the city into a memorial park. Zhang now heads the Beichuan department of commerce, working to attract new businesses and industrial development. But the strain on him and other local bureaucrats is severe. A quarter of government officials died in the quake. Zhang says his job keeps him from remembering what happened to his wife and daughter. "When I'm buried in my work, I think they are still alive," he says. "But when I look up and see that drawing, I remember they...
...math and computer science, its relationship to the national gender gap is more complicated.Nationally, the number of incoming female undergraduates choosing computer science as a major declined 70 percent between 2000 and 2005, according to the National Center for Women & Information Technology. The trend is part of a quarter-century decline in female computer-science majors detailed in a New York Times article on Saturday.At Harvard, the story looks different, but not necessarily any better. Over the past year, female enrollment in Computer Science 50 has jumped 60 percent. But A. Cansu Aydede ’11, a female computer...