Word: south
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...should think of itself more like a government than an individual or a business firm. With its reputation and available funds, the university is not going anywhere, but delaying improvements will have dismal effects on future endowment performance. The current global economic crisis is being fought by governments from South Africa to Japan with counter-cyclical measures that attempt to hasten the move from recession to growth. The now-revived Keynesian approach justifies the deep temporary deficits with the promise of future growth. The same applies to Harvard, for the endowment will continue to grow–and receive fresh...
ACQUITTED After his January arrest, South Korean economic blogger Park Daesung, 31, was freed when a judge ruled there was no evidence that he intended to "undermine public interest" with his attacks against the government's response to the financial crisis...
...demand for drugs north of the border, the Obama Administration concedes, together with rampant smuggling of guns and laundered drug profits into Mexico, is just as responsible for the crisis. Obama is sending 500 new federal agents to the border this year to snare more weapons and money moving south, and last week he appointed a border-policy czar, former federal prosecutor Alan Bersin. The U.S. Administration also intends to put more emphasis on reducing demand by expanding programs like drug courts that mandate rehab...
...just U.S. weapons that are moving south. Many of the thugs being picked up by the military are from the Barrio Azteca gang, which is based in El Paso but whose members are recruited to work for La Línea in Juárez. That makes it all the more urgent for U.S. law enforcement to sap Barrio Azteca's strength on the U.S. side. Six Azteca bosses were recently convicted in El Paso on federal racketeering charges. Sheriff Wiles, a Democrat, believes that this attention to localized border strategies is deepening under the Obama Administration and Napolitano, who was governor...
...obscure but powerful owner, multi-millionaire Venezuelan banker and polo fanatic Victor Vargas, into the spotlight he usually avoids. In fact, since the beginning of the week, Vargas has not been seen at the Palm Beach Polo Club in Wellington; newspaper reports in the Palm Beach Post and other South Florida media say he's either holed up in the $70 million Palm Beach mansion he purchased last year - one of six homes he owns in Venezuela, the Caribbean, the U.S. and Europe - or has flown overseas in one of his luxury Gulfstream jets...