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...past, Beijing might have responded by cracking down and throwing a few people in jail for loan sharking. That hasn't happened for the simple reason that the gray-market provides an efficient means of capital allocation in ways the country's socialist-era financial system cannot. The People's Bank of China, the central bank, discovered this recently when it started monitoring gray-market capital flows in Zhejiang. Expecting to find shadow bankers charging exorbitant rates, they instead discovered that underground interest rates were only marginally higher than what banks offer and repayment terms were better. This steady source...

Author: /time Magazine | Title: China's Shadow Banks | 11/15/2004 | See Source »

...pool their resources. With the help of FCL, the house has also been used by other non-profits such as the League of Independent Voters, Global Justice and the Sierra Club. HSF, which associates itself with a large number of student groups ranging from the Spoken Word Society and Socialist Alternative to the Black Men’s Forum and SASSI-WOOF, hopes to make the space available for all its affiliates...

Author: By Leon Neyfakh, CRIMSON STAFF WRITER | Title: Project 45: Harvard Social Forum's Foray Into Student Space | 11/4/2004 | See Source »

...Being out here is the start to rebuilding the movements against Bush and the war in Iraq,” said Daniel DiMaggio ’04, a former member of the  Harvard Socialist Alternative...

Author: By Jessica C. Chiu, CONTRIBUTING WRITER | Title: Students Rally in Copley, Claim Bush ‘Stole’ Election | 11/4/2004 | See Source »

...would have come out if Kerry won, too. I’m here to meet other people who are also interested in radical ideas,” said Hank R. Gonzalez, ’06, treasurer of the Socialist Alternative...

Author: By Jessica C. Chiu, CONTRIBUTING WRITER | Title: Students Rally in Copley, Claim Bush ‘Stole’ Election | 11/4/2004 | See Source »

Obama, who has 40-point lead in most polls, did not respond to repeated requests for comment, but in an interview with The Crimson, Keyes was happy to sum up the differences between himself and his opponent: “Obama is an academic socialist, and I’m a conservative who believes in self-government...

Author: By Irin Carmon, CRIMSON STAFF WRITER | Title: Obama, Keyes Face Off in Race | 11/2/2004 | See Source »

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