Word: actions
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...massive administrative capital called Putrajaya has risen from what were palm-oil plantations two decades ago. In September, Malaysia's first astronaut blasted into space, his flight mirroring the nation's ambitions. Poverty has been reduced from half the population at independence to just 5% today, as an affirmative-action policy created a prosperous Malay middle class that had never before existed. In Asia, only the nations of Singapore, Japan, South Korea and Brunei rank higher than Malaysia in the U.N.'s Human Development Index. Most impressively, while other multiethnic nations like Yugoslavia, Sri Lanka and Rwanda fractured into conflict...
...discussions. Religion, too, has divided the nation, as some Malaysians assert that a conservative strain of Islam is causing a segment of the faith's worshippers to withdraw from a multicultural society. Malaysia's economy is being challenged by regional competitors, with many questioning the future of the affirmative-action scheme that has served as the country's financial bedrock. At the same time, a nation that once prided itself on its robust institutions is finding these foundations eroding. Little wonder, then, that up to a million Malaysians, mostly the white-collar talent needed to keep the economy humming, have...
...quotas, so those with sufficient funds head overseas. Many do not return. Those who do find workplaces are increasingly divided along ethnic lines. "[In the 1970s] there was a bar at Parliament, and we would all socialize together," recalls Lim Kit Siang, the Chinese head of the opposition Democratic Action Party, who has served off and on in Parliament since 1969. "Now, everything is separate, and non-Malays feel like second-class citizens in their own country." Many ethnic Indians, whose economic gains have lagged behind those of Malaysia's other communities, feel the same way. On Nov. 25, thousands...
...Wealth If Malaysia's races are separating, it is partly because of the legacy of the New Economic Policy (NEP), an ethnically based affirmative-action plan instituted in 1971 to create opportunities for the economically disadvantaged Malays. During colonial times, Chinese traders were favored by the ruling British, and they controlled much of the economy upon independence. Malays and indigenous peoples - collectively known as bumiputras, or "sons of the soil" - wanted to redress that economic imbalance. The NEP, which offers preferential treatment to bumiputras in everything from education to politics, has lifted millions of Malays into the middle class...
...statute is “directed at lenders and there is no suggestion that it was intended to encompass passive investors in lenders such as limited partners or shareholders.” Harvard’s Office of General Counsel declined to comment because of the pending legal action. According to Richard Briansky, Fahey’s attorney, a drawdown notice describing the loan and interest rates charged was sent to Harvard at least a week before the loan was approved. Fahey is seeking approximately $20 million, the amount that he said he would have earned on the project. Though...