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...this is a symptom of a larger problem, a bubble-and-bust economy that valued reckless speculation over responsibility and hard work," Obama said in a statement released by the White House. "That is what we must ultimately repair to build a lasting and widespread prosperity...
...myth." That $1 trillion-plus the U.S. has poured into Africa? Mostly useless. All that Bono-supported "glamour aid"? Somewhat insulting. The truth, Moyo argues, is that massive foreign aid encourages corruption and stifles the investment and free enterprise that can provide long-term stability. Her alternative solutions include widespread microfinancing and unfettered agricultural trade with the West. Africa could also use more foreign direct investment--which China regularly provides, despite howls over its deals with the continent's more unsavory regimes. Still, Moyo notes, China's "foray into Africa is all business"--there's not a smidgen of pity...
...Restrictions on interhouse dining are widespread and, unsurprisingly, follow a geographical pattern: The far-flung houses—Currier, Cabot, Pforzheimer, Dunster, and Mather—have no regulations at all. Meanwhile, the more conveniently located guard their prime real estate carefully. All require non-residents to come accompanied by a house member for weekday dining. On top of that, Adams, Quincy, and Kirkland have adopted “community nights,” banning outsiders altogether once every week. Combine this with Lowell’s wholesale blockade during opera season, and you have a cumbersome set of barriers...
...genocide. Though she is best known for her cinematic and television roles, Farrow has recently taken up the mantle of human rights activist, focusing particular attention on the genocide in Darfur, where hundreds of thousands have been killed since 2003. Farrow focused on her own accounts of the widespread bloodshed and violence she saw on her most recent 4-week visit there for much of the event. “There were tribes where 100 percent of women over the age of eight had been raped,” said Farrow, who showed images of victims during her presentation...
...risks because when one claim pays out, it does not snowball. AIG's insurance on foreclosures and other defaults is not like insurance for accidents and disasters; while earthquakes in California are not correlated with earthquakes in New York, foreclosures are spiraling out of control together, fueled by a widespread recession...