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Asia's economic strength is not a result of some ancient Chinese secret or a special economic model that Americans must copy to survive. It owes to simple, old-fashioned, free enterprise, the kind Americans love to love. The "democratic capitalism" being questioned in the U.S. is finding new roots in a rising Asia. If Americans want to learn the correct lessons from Asia, they can ironically find them right at home...
Donations to American colleges and universities fell nearly 12 percent during the fiscal year ending last June, the steepest decline in fundraising since the mid-1970s and a direct result of the recent recession, according to a report released by the Council for Aid to Education yesterday...
Martin Shell, vice president for university development at Stanford, told BusinessWeek yesterday that Stanford’s high level of donations was the result of strong relationships between the university and its alumni community...
When Anna Fendi Venturini, scion of the Italian fashion house, acquired the run-down Villa Laetitia in Rome, she saw potential in its cracked façade and overgrown garden. Fendi spent one year and several millions of dollars renovating the Art Nouveau mansion. The result is an upscale oasis of calm along the Tiber River...
...Arabian Peninsula centuries ago. Locked out of development projects and tourism investment along Sinai's southern coast, the long-marginalized Bedouin have often been forced to work outside the law to make a living. But over the past two years, some of the tribesmen have prospered as a result of Israel's blockade on Gaza, which has turned smuggling into the territory's economic lifeline - and also a source of weapons for militants...