Word: weimar
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...annual meeting in Quebec City this week, UNESCO's World Heritage Committee added another 27 sites to its already burgeoning list of places of "outstanding universal value." Now wooden churches in Slovakia, Weimar-era housing projects in Berlin, and Armenian monasteries in Iran have been granted the same hallowed status as the Statue of Liberty, Stonehenge, and the Temple of Angkor Wat. And why not? There are plenty of ways to define "a human masterpiece of creative genius," one of the several criteria for inclusion. But now that World Heritage Status has been bestowed on 878 sites, some wonder whether...
...family-owned firm once supplied the Weimar government of 1920s Germany with paper for its currency at a time of hyperinflation, and also printed the tickets for the 1936 Olympics during the Third Reich. Its current business also includes smart-card technology, integrated chips to store biometric data and border-control systems...
...officials know better or, at the very least, have better memory. The goal of maintaining price stability effectively means pursuing a responsible monetary policy to avoid spiralling inflation, which this year will be well above the two percent goal because of high commodity and energy prices. Even disregarding the Weimar Republic nightmares of the twenties, European bankers remember the dangers of stagflation in the late seventies, and the misallocating effects of irresponsible inflationary policies in continental Europe before the euro. After all, before being constrained by the ECB straightjacket, central bankers in countries like Italy gave in to politicians, expanding...
Although it remains far from Weimar Republic levels, inflation in Zimbabwe today hovers around 10,000 percent annually. The same political favorites that control seized farms, however, can still get American dollars at the official rate, making instant and gargantuan profits. As in any inflationary crisis, middle and lower class workers with fixed salaries suffer most, and according to some estimates, a third of the country now depends on the World Food Program for daily sustenance. Unbelievably, life expectancy in Zimbabwe has declined 30 years in just over a decade...
...about the possible ambiguities of Harvard life are chalked up to sabotage or schadenfreude. It is akin to the sort of jingoism sometimes displayed by recently-minted American citizens eager to assert the superiority of their new citizenship over all others. In such a fashion, expectations inflate faster than Weimar currency; students’ assumptions will be heading into next September outrageous and out-of-touch. The fallout is obvious: a body of students for whom the most delicate disappointment of perfection constitutes universal depression. How is it that students in the company of such affluence and opportunity can sometimes...