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...cowboy of French politics is sitting tall in the saddle again. Six months after his re-election to the French presidency, Jacques Chirac is out to shoot down those who presumed to write off his country as a serious international player. Over the past two weeks, Chirac forced the Bush Administration toward a weaker U.N. resolution on Iraq; he bushwhacked would-be reformers of the E.U.'s costly Common Agricultural Policy (cap), thus preserving lucrative subsidies for French farmers. In September he sent troops to Africa to prop up a threatened regime in France's former colony, Ivory Coast. These...
...suit when they publish third-quarter results later this month. Why, in a country once renowned for its scrupulous financial management, are so many banks doing so poorly? The answer is simple: bad debts, a knock-on effect from Germany's soaring bankruptcy rate. At Deutsche, provisions for loan write-offs rose to j753 million for the third quarter, nearly six times what they were a year before. In addition Deutsche, and to a lesser extent Commerzbank and Dresdner, have spent considerable sums over the past seven years building up their presence in investment banking - bad timing, in the face...
...replied. “That’s why I don’t go to rallies.” Most Harvard students are embarrassed by the trappings of demonstrations and the extremists who frequent them. We practice critical thinking all day. By night, we write response papers ripping apart political theories and literary masterpieces. The earnest “Hey hey, ho ho, war in Iraq must go” of the kids in front of the Science Center offends our critical sensibilities. We blush, cringe, smirk and flee to the safety of the library, even when we support...
...time in the university, some of my colleagues may get jealous of someone who is a public intellectual,” Early says, noting that general-audience books sell many more copies than those targeted only to scholars. If you’re one of those professors writing only to colleagues, “you’re lucky if a thousand people know your book,” Early says. “But Mr. West will write a book and sell a ton of copies. I feel the university needs both types of people...
...endeavors “contribute to the University’s objectives of seeking truth and advancing knowledge...In the vast majority of cases there is no conflict,” Summers says. “We don’t seek to proscribe what audiences our faculty should write for; we do take very seriously the obligation faculty have to focus on their academic obligations...