Word: haven
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...levels of government debt, depending on their ability - real or perceived - to finance it. While Greece's small and uncompetitive economy is struggling to stay afloat, Japan, with ample domestic sources of funds, hasn't had trouble financing its deficits, and investors still consider U.S. Treasury bills a safe haven. In a January report, Barclays Capital argued that the cost of the crisis on the U.S., the U.K. and Japan would be spread over many years and is therefore less scary than it may appear. "We do not believe that the global crisis is a watershed for the long-term...
Saturday was a night filled with Harvard-Yale basketball, as the men took on the Bulldogs at Lavietes Pavilion and the women traveled to New Haven to face their rival in the final road game of the season. The Crimson women’s team (18-7, 9-2 Ivy) improved its win streak to seven games with a 68-60 victory over Yale...
...Kremlin wants to engineer its own Silicon Valley. In a plan that was revealed in February, the Russian high-tech haven will come complete with new-wave architecture and all the comforts of a resort, a place for Russian geniuses to get together and invent the biggest thing since, well, the Internet. That's the hope, anyway. President Dmitri Medvedev, who has cultivated the image of a tech-savvy liberal, is staking much of his economic vision on the plan's success. And Russia has a resource that other nations envy: a fervid hacker culture with a reputation for excellence...
...still undergo extensive medical and psychiatric evaluations. "It's a symbolic victory," says Louis-Georges Tin, president of the Paris-based IDAHO committee, which fights homophobia and what it calls "transphobia," or discrimination against transsexuals. "Transsexuals are no longer mentally ill," he says. "They're normal citizens. But we haven't yet reached the point where they're allowed to make their own decisions instead of depending on doctors and psychiatrists." (See "The Year in Health 2009: From...
...measures, echoed the sentiments of many Greeks when he said Greece's modern problems could be traced to German's wartime sins. "German people believe bad things about Greeks, but we want to remind the German people that they destroyed Greece in the Second World War," he said. "We haven't had a good life the last 40 or 50 years because of the war." Using a figure widely brandished in Greece as an estimate of Germany's war-related debt to the country, he called for Germany to "give us ?70 billion to pay us for the war. That...