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...prosperity more evenly among their populations. Davos had a well-attended session that focused on the wave of protests against corrupt officials in Chinese towns and villages. Some experts, including Orit Gadiesh, chairman of consultants Bain, says this competition misses the point: the world economy is not a zero-sum game, and both countries are likely to end up winners. "We are not hostile rivals, but we are competing with each other," said Indian Finance Minister Chidambaram, pointing to such sectors as automobile parts, leather, textiles and food processing as examples. Those in Davos from both countries know that their...
Quaero, ergo sum: I search, therefore I am. That could be the new Internet mantra if an ambitious European Internet project lives up to its hype. The proposed search engine, a Franco-German joint public and private initiative, was trumpeted by French President Jacques Chirac as an attempt to "launch with our European partners the first genuinely multimedia search engine" to meet the "global challenge" issued by U.S.-based Google and Yahoo!. The project's chief selling point is said to be a revolutionary capability to search as well as translate audio and video sources. But details are scarce: Thomson...
...Faculty has long rented the first two floors of Mass. Hall and parts of the third to the central administration for office space. But in a deal arranged last year, the two sources said, the central administration has agreed to pay a lump sum to the Faculty for control of the entire building, including the upper floors where 22 freshmen are housed each school year...
...resources committee and the FAS financial staff “talked through” whether to borrow annually or withdraw a lump sum and chose the latter, Campbell said, because they expected the endowment to grow faster than the interest rate on debt. University President Lawrence H. Summers told the Faculty at its meeting last week that the Corporation—the University’s highest governing body—has approved the decapitalization “in recognition of what is by the FAS an extraordinary period of growth...
...just the wiring that charges up the brain as we age, it's the way different regions start pulling together to make the whole organ work better than the sum of its parts. For all its plasticity, the brain is a specialized machine, with specific regions handling specific operations. The greatest divergence comes between the left and the right hemispheres, which often work almost independently of each other. That is not such a bad thing because one hemisphere can be busy writing a grocery list or solving an equation while the other scans the environment and tends to other basic...