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...layer of diversification requires reducing overall dependence on trade by promoting domestic consumption and expanding service sectors. Park Chung Hee's growth model discouraged investment in domestically focused sectors and consumer spending - both of which could provide a cushion to Asian economies in global downturns. Vestiges of his biases remain, to the detriment of the South Korean economy. For example, South Korea hasn't developed the kind of social services, such as day-care centers for the children of working parents and homes for the elderly, that would relieve some of the financial burdens on working-class families and encourage...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

...court. “I think Oliver’s presence and his fight and his guts and his spirit make him a little bit different than the normal freshman,” Amaker said. “He’s a fighter. If we can have that remain a part of his identity throughout his tenure, I think he’s going to have a fine career.”As point guard, McNally enjoys the opportunity to play with undamaged senior Drew Housman, senior Andrew Pusar, and junior Jeremy Lin, and he learns from their example...

Author: By Alexandra E. Zimbler, CONTRIBUTING WRITER | Title: Rookies Forced Into the Lineup | 2/26/2009 | See Source »

...tonight,” Baise said. The second set was more of the same, as Harvard struggled to counter Rivier’s offensive prowess. Whenever it appeared that the Crimson would be poised to come back, Raider sophomores Jeff Andreozzi and Austin Soucy and senior Scott Wright remained steadfast, blocking efficiently and finding ways to pull their team ahead for a 30-19 victory in the second set. The standout trio led Rivier with 11, 11, and 12 kills, respectively. On the other side of the court, Harvard finished the set with a dismal .034 hitting advantage.At one point...

Author: By Kevin T. Chen, CRIMSON STAFF WRITER | Title: Rivier Controls Tempo and Secures Win | 2/26/2009 | See Source »

...addition to being one of the Square’s oldest establishments, it is now one of the few historic business landmarks that remain...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: 126 Years and Still Smoking | 2/26/2009 | See Source »

...Foreign investors are eager to dive back into the fray, sensing major opportunities in an economy that will have to be rebuilt almost from scratch. One client of African Banking Corp. is ready to multiply its investments by a factor of 20 once the dire political situation stabilizes. Others remain cautious. "When we see a solid set of reform processes with realistic objectives put into play by the government, then we'll be encouraged to increase our exposure," says Jamar Evans, who manages a Chilean hedge fund with investments in the Zimbabwean exchange...

Author: /time Magazine | Title: 25-Min. Workweek on Zimbabwe's Stock Exchange | 2/26/2009 | See Source »

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