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...meet Nov. 12-13 in Singapore. The global financial crisis has already done it for them. As Asia searches for a new growth engine to replace the economically sputtering U.S., and as the U.S. looks increasingly to Asia for consumers to sell to and governments to borrow from, the question hovering over the summit is, Can the leaders of the world's fastest-growing region find a new economic model that works for both East and West? (See pictures of the global financial crisis...
With suggestive campaign slogans such as, “Long-Johnson: Touching students everywhere” and “Long-Johnson: Erecting a better Harvard,” the Long-Johnson ticket raises one obvious question: Are these guys serious...
...whether or not they will buy remains an open, and crucial, question. Even though Chinese are becoming wealthier, they are actually saving a greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in 2008 - 11 percentage points higher than in 1995. As a result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that...
...bigger question looming over the FHA, though, is this: At what point does a federal housing agency start to pull back and force private players to resume responsibility for the loans they make? The FHA was founded in 1934 as a way to extend the prospect of homeownership to people who wouldn't otherwise be able to afford it. The agency's low down-payment requirement - itself the subject of some controversy - is designed to help deserving if underqualified people get a foothold in property ownership. The FHA was never meant to be the primary way America finances its home...
FlyBy surreptitiously snuck into the large auditorium at Paine Hall, expecting some sort of commotion as people try to answer the ultimate question: Is Christianity good for the world? But, as this is Harvard, the large room sat a scattered group of pensive-looking students watching the screening of the new documentary “Collision...