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...Change and growth have been the mantra for Asia for the past quarter-century. But the endgame of sustained economic development and rising prosperity continues to be a moving target. Developing Asia has enjoyed spectacular success in the decade after the wrenching financial crisis of the late 1990s. But, as they say in the investment business, a track record of success is no guarantee of future performance. The current global recession is an important wake-up call for Asia - a not-so-subtle hint to find a new recipe for its growth model. The Next Asia that emerges from this...
...previous gay march on Washington, in 2000, ended in fiasco when money was stolen from march organizers and little follow-up occurred after the attendees left Washington. The organizers this year were determined to avoid those problems. The march was staged for just over $200,000 - about a quarter of the cost of the 2000 event - and Jones and other principals repeatedly gave out a number that they wanted marchers to text, which would automatically sign them up on a mailing list the organizers hope will be useful in all congressional districts...
...investors everywhere should pay attention. It now makes more sense to get out of the greenback and park money in higher-yielding currencies, since foreign-currency deposits will earn more in interest and could make additional foreign-exchange gains. Interest rates in Australia last week were raised a quarter point to 3.25%, and could go higher still. The unemployment rate Down Under recently fell to 5.7%, leading economists to expect another rate rise on Nov. 3. Meanwhile, the target range for the U.S. federal funds rate...
Others, including those close to him, wonder privately if fighting climate change is less a conviction for Arias than a vehicle back to the international accolades he enjoyed a quarter century ago. They point out that his conservation kick was greatly influenced by former U.S. Vice President Al Gore's Academy Award-winning documentary, An Inconvenient Truth., and wonder if Arias was motivated more by the message of the film, or the worldwide praise Gore received as a result of championing the cause...
Harvard allowed only seven first downs in the first three quarters, while quarterback Collier Winters threw two second-quarter touchdowns, and Cheng Ho scored two touchdowns in his first start of the season...