Word: remain
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...amid all of the gloom, many Asians can't help but remain optimistic. After decades of rapid growth, it seems impossible to some that new jobs and rising incomes will somehow suddenly vanish. Gao Yajun, a 26-year-old Beijing photographer, sees opportunity in crisis. "My hunch is that it might turn out to be a golden opportunity to make money," he says. That spirit may be Asia's best protection against America's problems...
...Lenders are scrambling to keep delinquency and defaults in check. Some banks are extending repayment periods and converting credit-card debt into personal loans at slightly lower interest rates so borrowers can remain current. Under pressure from investors and regulators to improve their deteriorating asset quality, banks are also curtailing riskier lending, such as small-ticket personal loans, and making more of an effort to verify creditworthiness...
...evidenced by the handful of countries that practice them, catch-share programs remain controversial. In New Zealand, where they've been in place for decades, fishermen complain that the practice leads to unfair consolidation: as large companies buy and amass quotas, smaller operators can't compete with the low prices those big firms can afford to set because they're selling more. Others have raised concerns about the privatization of what has traditionally been considered a public resource. But Knapp says the biggest problem with fish quotas is figuring out how to allocate them fairly in the first place...
...wine glass? JT’s napkin? As Professor of Microbiology and Molecular Genetics Roberto Kolter attests, the saliva on the glass and whatever may linger in the napkin can prove valuable in a lab. “Even if a few thousand or a few hundred thousand molecules remain, you can still break it down and get a DNA sequence out of it,” Kolter says. But in spite of the wonders of modern technology, Noyer isn’t looking to profit off of his possessions any time soon. Noyer says of the wine glass...
...Some Harvard students watching the speech—at least those sitting around me—sneered that Rogoff didn’t realize that for Harvard students accustomed to jobs at the upper echelon of finance, the usual recruiting suspects remain alive, if not quite well. Indeed, of the behemoths that have gone under in the past months, only Lehman Brothers was a major recruiter at Harvard. The most sought-after financial recruiters—namely Goldman Sachs, J.P. Morgan, and Citigroup—have survived the recent turmoil and have shown their health by buying up the dismembered...