Word: westernness
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...Kong's is 14.3, India's is 11.6, South Korea's is 16.7. Having gone through rehab after the 1997 Asian financial crisis, the region's financial institutions went into the current Great Recession with robust balance sheets that they can now leverage up by acquiring the assets that Western banks are shedding. China's banks are in a particularly sweet spot. Grown fat on years of sizzling GDP growth, Bank of China (2008 profit: $9.7 billion) has a leverage ratio of only...
Other buying opportunities will arise as Western banks, particularly those that have been bailed out by their governments, exit the world stage in order to refocus on their home markets. When these institutions regain their strength and start venturing out again, however, they may well find Chinese and other Asia-Pacific banks ensconced and thriving in many parts of the global marketplace - and ready to challenge them on their home turf...
...play GarageBand or sing in student groups like Kuumba.The new “era of globalization” to which the Final Report of the Task Force on General Education repeatedly refers has also found its way into the Music curriculum—which has focused mostly on Western greats like Bach and Beethoven.Now, Music concentrators will be required to take a class in non-Western music—Music 51c: “World Music History and Repertory”—which will be taught next year for the first time by Music and African and African...
...restore some semblance of peace and prosperity to that troubled country.In March, the International Criminal Court made history by issuing an arrest warrant for Omar Hassan al-Bashir, the President of Sudan. The Sudanese government has been complicit in what some American officials have called a genocide in the western parts of their state, especially Darfur. While it is unlikely that the ICC’s verdict will ever be carried out, it marked an important step forward in the evolution of international law, specifically relating to claims of human rights.Just after April Fools’ Day, North Korea launched...
...currently provides mentoring for local students from undergraduates, a series of lectures from Harvard professors, and summer science clubs and scholarships. Later this month, Harvard will open for the second year its Allston Farmers’ Market, which will be located at the intersection of North Harvard St. and Western Ave. and aims to support local farms and bakers. —Staff writer Peter F. Zhu can be reached at pzhu@fas.harvard.edu...