Word: savvyness
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Sidney Verba ’53 has joked that prior to becoming Harvard’s chief librarian, he thought of libraries like he thought of supermarkets—he knew he needed what was on the shelves but had no idea how it got there. The same cannot be...
The Blackstone transaction makes barely a dent in China's foreign-currency reserves, but it signals that the government wants to invest its dollar stash more aggressively. The deal was nicely timed--just before top Chinese officials arrived in Washington for talks aimed at reducing the bilateral trade deficit. "It...
If that keeps up--and all indications are that it will, especially if China and the gulf states prove to be savvy investors--the U.S. will effectively be sending big checks abroad each year to pay for good times past. Which is money Americans won't be able to spend...
Not just a mature democracy but a vibrant, fast-growing economy. The world has come to know a new India over the past few years, a place of outsourcing and hi-tech start-ups, of software engineers and steel barons. We expect such places to be shiny and secular and...
The Detroit Three complain frequently about the cost that health care in particular adds to each car they produce in the U.S.--at GM it's $1,600, at Chrysler $1,500, at Ford $1,200. But the cost paid in management attention and focus may be even greater. The...