Word: rosee
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Compensation for managers of Harvard's $35 billion endowment rose this year, but salaries for the highest-paid officials were far lower than the massive pay packages that have drawn criticism in recent years...
Some claim the Canadian dollar rose against the greenback because the U.S. dollar has been dragged down by government budget deficits, a long and costly war, and a yawning gap between the value of imports and exports. True enough. But the link between the loonie and the worldwide boom in commodities had even more to do with it. If you graph the value of the Canadian dollar with the prices of oil, natural gas, certain metals and grain, "it's pretty hard to tell which is which, down to every little squiggle," says TD Bank Financial Group chief economist...
...year in change And so with glowing hearts, Canadians saw their dollar rise - few failing to appreciate that, in some way or another, the Canadian economy was smoking its U.S. counterpart. Growth in Western Canada had been blistering for years. Construction boomed. Across the country, employment rose. Toronto Blue Jays CEO Paul Godfrey told a U.S. radio station in October that each one-cent increase in the loonie was saving him $600,000 a year in U.S.-dollar player salaries...
...Bangkok's middle class rose up to demand that the then coup leader, Gen. Suchinda Krapayoon, resign. Suchinda had the army open fire, killing scores in what has come to be known as "Black May." Samak, who was deputy prime minister, called the demonstrators troublemakers and communists, and said it was acceptable for the government to shoot them. After the King intervened and democracy was restored, Samak still won a seat to parliament in Bangkok's military-dominated Dusit district. During the late 1990s, he and Thaksin served as cabinet ministers in the scandal-plagued government of Prime Minister Banharn...
...country is predicted to grow by around 5% for the next five years. But the poor have hardly benefited. Official unemployment figures stand at 26%, and a November study by South Africa's Institute for Race Relations found the numbers of people living on less than $1 a day rose from 1.89 million in 1996 to 4.2 million in 2005. The fact that poverty has grown along with the economy on Mbeki's watch works in the favor of Zuma, whose popular appeal is rooted in his peasant background with no formal education. In popular perception, the aloof and bookish...