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...result, Pakistan-a frontline state in the war on terror whose stability is essential if that war is to be prosecuted with any success-is at an inflection point. An increasingly powerful opposition to Musharraf's rule has coalesced around the still-rumbling issue of the Chief Justice's suspension. It includes not just the activists of mainstream political parties such as former Prime Minister Benazir Bhutto's Pakistan People's Party but also religious conservatives tired of being made into the scapegoats for the country's problems and progressive liberals alarmed by the increasingly dictatorial tendencies of the Musharraf...

Author: /time Magazine | Title: Pakistan's Moment of Truth | 5/17/2007 | See Source »

...mission assigned Medvedev was to make sure that previously underpaid billions got collected, says a close associate. And did Medvedev collect. The company's capitalization rose from $11.35 billion in 2002 to more than $300 billion today, mostly as a result of growing energy prices and by accumulating prized assets like Sibneft Oil Co. or parts of the dismembered Yukos...

Author: /time Magazine | Title: Heavy Hitter | 5/17/2007 | See Source »

...result: consolidation amid plenty. In March the government approved a long-planned merger between state-owned carriers Air India and Indian Airlines. Meanwhile, Jet Airways, the country's largest full-service carrier, is buying rival Air Sahara for $340 million and, perhaps more important, more gates at congested airports. The mergers are "an attempt by players to basically get some kind of stability into the market," says Kapil Kaul, New Delhi--based CEO for India and the Middle East at CAPA. "What we're seeing now is sanity beginning to prevail...

Author: /time Magazine | Title: Altitude Adjustment | 5/17/2007 | See Source »

...said. “I will regard it as both my privilege and responsibility to work together with a new dean to support implementation of a new curriculum.”Interim President Derek C. Bok, who oversaw the last curricular overhaul in the 1970s, praised the results of this review.“I really do believe that in the last two years this Faculty has made a more comprehensive effort to improve the quality in undergraduate education than anything that has happened in the history of this University,” he said.General education was seen...

Author: By Johannah S. Cornblatt and Samuel P. Jacobs, CRIMSON STAFF WRITERS | Title: After 4 Years of Debate, Faculty Approves Gen Ed | 5/16/2007 | See Source »

...contain a number of companies, allowing Harvard to invest in a specific industry or region without taking on all the risk of investing in an individual firm.But foreign-owned companies included in such funds might not otherwise be listed on American exchanges or included in many other funds.As a result, says Olshan Professor of Economics John Y. Campbell, the cost for an institution to eliminate these indirect holdings can be high.“The obvious and easiest form of divestment is just to take no discretionary active position in a company,” Campbell says...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Divestment Not An Easy Affair | 5/16/2007 | See Source »

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