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...Last April, credit rating agencies recognized this achievement and gave Brazil’s sovereign debt “investment grade” status. But this was a small reward given the shift the country has experienced since 1994. Brazilian government bonds remain too cheap (currently paying over 500 basis points above the 10-Year Treasury). Charging a sky-high political premium to a country that has had a fiscal revolution, and where Daniel Dantas can be arrested through due process of law, seems to be rather exaggerated. The bonds’ inadequate BBB-rating—barely above speculative...

Author: By Flavio S. Campos | Title: BRIC Starts with B | 12/9/2008 | See Source »

...Innovation can come from unexpected places and from unusual people,” Serazin said in an e-mail. “Explorations seeks to fund projects that fall outside the scope of conventional wisdom and champions high-risk, high-reward projects with the potential to transform global health...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Gates Grants Fund Research | 12/9/2008 | See Source »

...Skate! 'Tis the holiday season - which means it's time to strap on a pair of blades, fall smack on your bum many times, then reward yourself with hot chocolate. Chicago has free entry at its rinks through Feb. 28, 2009, with skate rentals running about $5. (See 10 things to do in Chicago.) In Santa Monica, Calif., you can go from the beach to the ice rink (5th Street and Arizona Avenue, two blocks from the Third Street Promenade outdoor mall), for a surreal transition. The $10 admission through Jan. 19, 2009 includes skate rental. (See 10 things...

Author: /time Magazine | Title: Travel News: Great Places to Skate this Season | 12/7/2008 | See Source »

...that has not been competitive or innovative in years, why not give the funds to car companies that are doing well? Congress could require that the companies invest in the U.S., but other than that, let the market decide. Instead of throwing good money down a sinkhole, let's reward businesses that are innovative and give customers what they want. That used to be called capitalism. Carlos Gonzalez-Najera, BURLINGTON...

Author: /time Magazine | Title: A New Deal? Not Yet | 12/4/2008 | See Source »

...balloons' release received much publicity; Macy's claimed that they would float hundreds of miles away from New York before landing softly in fields or people's yards. Stitched into balloons was a return address, and those who found one could return it to Macy's for a $100 reward. Unfortunately their flights weren't so peaceful. Out of five balloons, three landed in Long Island (one was torn to pieces by neighbors competing for the prize), one drifted into the East River, and one floated out to sea never to return. Stubbornly, Macy's tried the balloon release again...

Author: /time Magazine | Title: Macy's Thanksgiving Day Parade | 11/27/2008 | See Source »

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