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North Korea, home of one of the world's most cloistered economies, tackled its soaring inflation rate on Nov. 30 by quietly revaluing its currency at a rate of 100 to 1. The move is widely believed to be an attempt to crack down on private businesses that operate outside the government's control. North Koreans will be able to exchange the equivalent of $40 in old currency for the new bills; anything over that will be lost. North Korea has conducted four previous currency exchanges, each one highly publicized. This time the government has remained tight-lipped. Pyongyang watchers...
Urging the government to work to combat the soaring U.S. unemployment rate in the New York Times...
Using two different methods of calculation, the researchers determined two mortality rate estimates, with the higher measure reaching one death out of every 2000 cases, which is about four to ten times less than initial projections...
...blockade the main gates. "We'll keep building day or night," an official at the Kedumim settlement told TIME last week. And even Netanyahu has said that when the freeze is over, construction can resume in the West Bank, where construction permits are granted at a higher rate than inside Israel, the Israeli activist group Peace Now reported on Wednesday...
...theory behind the plan is that it will reduce costs by hiring younger faculty members at lower salaries, as well as shrink faculty size—which has increased drastically over the last decade—by hiring at a rate lower than the rate of attrition. In order to achieve these goals, faculty members over the age of 65 who have served at least 10 years at Harvard are eligible and can choose between three options for retirement: one year, two years, or four years in the future. All the plans include paid sabbatical. Additionally, faculty members accepting...