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Becoming a nun typically takes seven to nine years. After the period of discernment, a woman enters a religious community as a postulant, and she reflects upon her vocation and helps with chores around the convent. At the end of what is primarily a yearlong spiritual retreat, the postulant and her advisers in the community decide whether she will become a novice and study Catholic theology and ministry for up to two years. She may then take her temporary vows. After an additional four to eight years during which she serves the convent's mission, she makes her final vows...
...that investment has a price attached. To gain WTO entry, Vietnam made greater concessions than other nations have been required to make upon joining, agreeing to lower trade barriers, reduce many subsidies and allow virtually unfettered foreign competition in some sectors of its domestic economy. "It's a tougher deal than even China got," says Jonathan Pincus, a Hanoi-based economist for the United Nations Development Programme (). For example, next April, Vietnam must allow foreign banks to set up their own branch offices in the country, without requiring them to partner with domestic lenders as banks wanting to enter China...
...Despite the uncertainties, optimism over Vietnam's economic prospects runs deep. Last week, Intel announced it would increase its investment in a planned computer-chip-assembly and testing plant to $1 billion, tripling the company's original commitment. Upon completion, the 500,000-square-foot facility in Ho Chi Minh City will be the largest of its kind in the world. "I think Vietnam is doing all the right things," says Rick Howarth, Intel's country production manager. Says Scriven of Dragon Capital: "This is one of the most pro-change places I've been in. But there is time...
...Harvard men’s swimming team saw flashes of red this past Saturday at Teagle Hall in Ithaca, NY as the Crimson (2-1) defeated Dartmouth and lost to Cornell in a double-dual meet. Looking to build upon last week’s victory against Penn in its season opener, Harvard struggled in the shorter-distance events, winning only three races under 500 yards. The Crimson won 5-out-of-16 races at the meet, besting the Big Green in points 230-65, but ultimately falling to an impressive Cornell squad 131-167. Two juniors led the charge...
...Irish entrepreneur Denis O'Brien, however, eyed the island nations and saw just one thing: customers. In 2001, O'Brien had a bit of cash burning a hole in his pocket from the $2.46 billion sale of his first telecom venture, Esat Telecom Group PLC. By chance, he came upon a small notice from the government of Jamaica announcing that it was opening its local phone market--long monopolized by British telecom giant Cable & Wireless--to competition. At the time, Jamaicans had to wait an average 2.5 years for a landline, and only 4% of the population used cell phones...