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...from his perch atop the New York Fed, he'll have to work even more closely with her from the Treasury building on the other side of the White House, as the two will be key players in saving any big banks that fail. They will also control the shape of any mortgage bailout for Americans who are at risk of losing their homes, an initiative many experts say is necessary if Washington is to get the economy moving again...

Author: /time Magazine | Title: Obama Picks Geithner, an Insider, for Treasury | 11/22/2008 | See Source »

...Clearly, while the American public loves wealth, we love self-made wealth even more. Gladwell divides his treatise into two sections, one on opportunity, exposing how so many success stories rely on catching chance breaks, and the other on legacy, which traces the cultural and familial influences that shape successful individuals. The opportunity section is by far the more compelling of the two. The most interesting of these environmental theories of success is the “Matthew Effect,” the notion that success is the result of what sociologists call “accumulative advantage?...

Author: By Anjali Motgi, CRIMSON STAFF WRITER | Title: 'Outliers' Doesn't Succeed | 11/21/2008 | See Source »

...primarily used for cooking and storing food—is threatened by an inundation of modern wares from abroad, the pots and their uses have not changed. “Form always came from function,” Hoy said. She recounted that whenever she would attempt a new shape, her teacher would come over and mold it into a traditional one.“I think that part of it was that there’s a strength in these shapes that can stand up to a fire, stand up to a smoldering bed of embers...

Author: By Jessica M. Righthand, CONTRIBUTING WRITER | Title: Alum inspired by Luo Pots | 11/21/2008 | See Source »

...Japan's charm offensive is taking shape on several fronts. Cash-flush Japanese banks, which have only just emerged from their own decade-long debt crisis, are infusing money into distressed companies such as Morgan Stanley. Japan Inc. is going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund...

Author: /time Magazine | Title: Japan Reaches Out | 11/20/2008 | See Source »

...hotel is the crown jewel of the Palm Jumeirah, a monumental feat of land reclamation. In the shape of an Arabian date palm, it is the first in a network of man-made islands that is altering Dubai's landscape, adding 1,200 miles (2,000 km) of additional beachfront property to a desert city-state whose natural coastline is a mere 37 miles (60 km). The $20 million extravaganza aims to nail down Dubai's reputation for luxurious excess - an ambition that seems almost anachronistic now that ill winds from Wall Street and the collapse in oil prices...

Author: /time Magazine | Title: Grand Ambition in Dubai | 11/19/2008 | See Source »

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