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from Counterparties:

The ups and downs of Summers

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Larry Summers has withdrawn his name from consideration for the position of Federal Reserve chairman, the WSJ reported Sunday, citing an “acrimonious” confirmation battle.

For Summers, this is just the latest downturn in his colorful, highly public career as an economist with ambitions to power. Here are the ups and downs of the Summers story before his tenure in the Obama administration:

Early years

Summers is an undoubtedly brilliant scholar. He got his start teaching at Harvard, and received tenure in 1983 at the age of 28 -- the same year (and age) as Jeff Sachs. He served on the staff of the Council of Economic Advisers from 1982-83 during the Reagan White House. He was an economic advisor to the failed Dukakis presidential campaign in 1988. In 1991, he left Harvard to become the chief economist at the World Bank. While his official bio indicates “his research featured an influential report demonstrating the very high return on investing in educating girls in developing countries”, he is also well known for what was meant to be an “ironic aside” in a leaked memo he signed suggesting the World Bank encourage more migration of “dirty” (pollution-heavy) industries to poor countries.

from Your View:

March to Commemorate 1973 Revolt.

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Thousands march in Thessaloniki to commemorate the 1973 student revolt in Greece, November 17, 2010. Your View/Alexandros Michailidis

from Your View:

The exodus for Eid Al-Adha

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People ride on a train roof to leave the city to celebrate Eid Al-Adha with their friends and families, near Dhaka, Bangladesh, November 2010. Your View/Saad Shahriar

from Your View:

The exodus for Eid Al-Adha

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People ride on a train roof to leave the city to celebrate Eid Al-Adha with their friends and families, near Dhaka, Bangladesh, November 2010. Your View/Saad Shahriar

from Environment Forum:

Jay Leno’s garage: a lot of EVs

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The fact that comedian Jay Leno has a serious collection of cars in his 17,000 square-foot-garage in southern California may not surprise fans, but his soft spot for electric and hybrid vehicles most likely will turn a few heads.

In this exclusive interview with GigaOM's Green Overdrive crew, the host of "The Tonight Show" opens the door to his solar-powered home for dozens and dozens of cars for an animated tour of his collection, including three cherished vintage electric models from the 1900s.

from India Insight:

Mind your pees & queues for the Delhi Games

With just six months to go before India hosts the Commonwealth Games, some are already wondering whether New Delhi is loo-ready for the sporting extravaganza.

File photo of an Oxford Circus lavatory cubicle in London.The capital is preparing to host more than 100,000 foreign visitors for the October Games, seen as an opportunity to show off the city as a major global destination.

from India Insight:

Professionals in politics?

What's common to a banker, a dancer and a former U.N. under-secretary general?

Answer: they are all contesting the general election in India.

The main battle in the polls from April 16 to May 13 this year, as in years past, is between the centre-left ruling Congress and the Hindu-nationalist Bharatiya Janata Party. A loose alliance of smaller regional parties has formed a Third Front, as well.

But Meera Sanyal, the country head of ABN Amro Bank, is not aligning with any of them. She will contest from South Mumbai, an upmarket locality and the main business district, as an independent candidate.

from India Insight:

Indian dilemma — To Nano or not to Nano

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I was stuck in a traffic jam on one of New Delhi's busiest roads, taking in the sights and smells of vehicles idling in all directions, when my cab driver turned to me and asked -- "Are you going to buy the Tata Nano?"

It's a question thrown at me several times over the past few months and each time the answer has been "No".

from India Insight:

Delhi blasts: A reporter’s dilemma

I will have to respect the Indian Standard Time for once.

I was to meet a friend at five in the evening on the day of the serial bombings in New Delhi. But the meeting got delayed -- she could not leave office on time and my office elevator kept me waiting for twenty minutes.

Delhi BlastWe were chatting about good times together in college, how classmates have done well by themselves and making plans to catch up with other friends at the café inside a popular bookshop when the bomb at Barakhamba Road went off.

from India Insight:

Finding Delhi’s “spirit” post serial blasts

Three days after the weekend serial bombings that killed 22 people in New Delhi, I find the general atmosphere of the national capital almost abnormal in its normalcy.

blast3.jpgOne of the blast happened right across the street on which the Reuters office is located.

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