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...course, China’s initiatives are far from malicious in and of themselves. In fact, they might do the perpetually forgotten continent an unprecedented amount of good. Among the tangible benefits of the November deal are $1 billion for small business, massive improvements in African infrastructure, reduced tariffs, construction of 100 clean-energy projects, and sponsorship of programs in health, education, culture, and agriculture. Since 2000, such measures have not only built China political goodwill, they have also expanded the dollar value of Chinese trade with Africa tenfold...

Author: By Karthik R. Kasaraneni | Title: Scrambling in Africa | 12/3/2009 | See Source »

Given Harvard’s decentralized structure, the UC’s accomplishment so far is no small feat. Each House has its own rules and regulations concerning which rooms can be reserved and by whom. For instance, Eliot’s JCR cannot be reserved under any circumstances whereas Kirkland’s JCR is now featured on the UC’s website. We appreciate the transparency and convenience that this website offers...

Author: By The Crimson Staff | Title: Rooms in Reserve | 12/3/2009 | See Source »

...looking at combining extensions of unemployment insurance, food stamps and health insurance for recently laid off workers (known as COBRA) with infrastructure investments and money for clean-energy projects. The Obama Administration has resurrected a proposal the President campaigned on: a $3,000 tax credit per new hire for small businesses, an idea that was dropped from the first stimulus because it would've been too easy for employers to manipulate by firing and rehiring workers. House Financial Services Committee chairman Barney Frank has proposed a $2 billion fund to help homeowners avoid foreclosure. In the Senate, Virginia's Mark...

Author: /time Magazine | Title: Congress Looks Toward a Jobs Stimulus | 12/3/2009 | See Source »

...Seoul told TIME, "Some kind of move like this was expected for a long time." And, he says, it won't have any impact on bigger companies and traders. Instead, the move punishes a broad swath of people in North Korea who have been able to amass a small amount of savings by engaging in black-market trading...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...have sprung up across the country, enabling an increasing number of North Koreans to feed themselves and earn a basic living by trading. The U.N. has estimated that about half the calories consumed in North Korea come from food purchased at private markets. Under the new plan, however, the small savers who run those private markets will be stripped of much of the cash they need to run their businesses...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

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