Word: sovereign
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...that supported much global prosperity turned out to be an illusion largely fueled by easy credit; when the bubble burst, highly leveraged speculative positions reversed gear, and the international financial system came uncomfortably close to crashing. Even more troubling, the ongoing Greek debt crisis has suggested that weaknesses in sovereign debt may trigger another, even more profound global financial meltdown...
Around the world, heads turned toward the sovereign nation in its infancy—especially Harvard’s. Earlier that spring, Harvard was one of about 20 American colleges to lay the groundwork for the Nigerian-American Scholarship Program, a year-long pilot project that provided four-year scholarships to two dozen Nigerian students who enrolled in universities across...
...this manner, collegiality and individuality exist in tension, for the truly sovereign student does not need the input of his fellow classmates. Harvard, as a result, will tolerate but remain uncomfortable with an approach that emphasizes interdepenence, since collaborative efforts have as their logical prerequisite a common understanding or goal. Prefrosh and students are alike in this respect in that however long students remain on campus, a community of learning never coalesces around a shared pursuit...
...Arab Emirates President and Abu Dhabi ruler Sheik Khalifa bin Zayed al-Nahayan--was retrieved from a Moroccan lake on March 31, five days after his glider crashed there. The death of Sheik Ahmed--managing director of the Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds--has raised fears of a power struggle among his 17 surviving brothers for control of ADIA...
...showy neighbor and U.A.E. constituent, Dubai - is hypersensitive about its image and extremely unlikely to let any split within its royal family become public. ADIA's holdings are unlikely to be affected, primarily because Abu Dhabi's wealth is still Abu Dhabi's wealth regardless of who manages its sovereign fund, and because its investments rarely exceed 5% stakes in any given company...