Word: understands
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Dates: during 2000-2009
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...officials, with ties to the international black market in antiquities. While estimates of this illicit trade vary widely, government authorities put it at as high as $4 billion, roughly on par with the country's drug trade. This hurts not only historians and archaeologists who are just starting to understand the country's important role in the development of Central Asian civilization - many experts say that Afghanistan compares to Egypt in terms of the historical value of its archaeological sites - but also Afghans themselves...
Look under the hood of a bond called Jupiter High-Grade CDO V, and you can understand why we're in trouble. Bankers from the 1970s, when mortgage bonds first took off, would hardly recognize Jupiter. Unlike a traditional bond, Jupiter's underwriter does not buy people's mortgages, collect the payments and pass them on to its investors. Instead, Jupiter holds other mortgage bonds--and not just any. Jupiter's investments are made up of the riskiest portions of other bonds, some of which are themselves a collection of other poorly rated mortgage bonds. In a rising real estate...
Border Issues In "A Great Divide," Jyoti Thottam complains about the barbed-wire fence that India is erecting [Feb. 16]. She fails to acknowledge that erecting the fence has reduced the flow of illegal migrants into India. I also couldn't understand the complaint about exporting cows. Respect for religious sentiments has to be a common goal, not simply accommodation from one side to facilitate the other. Girish Vaidya, AURANGABAD, INDIA
...means am I parroting the traditional critique of the recruiting process, which I understand is a legitimate and very necessary function of our advanced postindustrial economy. This is especially true of highly competitive industries like the financial services sector, in which on-campus recruiting is essential in funneling elite students into elite firms; the process allows students’ careers to blossom and the economy to grow. I do question, however, its scale at institutions like Harvard. Last year, more than two-fifths of last year’s graduating class funneled themselves into one small sector of the giant...
...area. The university has already slowed its purchase of raw materials intended for use in later phases of the science center project. Though the vocal indignation of residents can seem off-putting, the university should recognize an important change in the message it is now receiving: Many Allston residents understand the positive value of Harvard’s developments on their side of the river, and they want Harvard to proceed with construction as scheduled. Allston residents are correct to be dismayed by the construction slowdown. The new science complex and the rest of the Allston project will benefit...