Goldsmith's glitter: running cities

Article Abstract:

Indianapolis mayor Stephen Goldsmith, who is the Republican Party's 1996 gubernatorial candidate in Indiana, supports the privatization of government services. Opponents, who rely in part on independent audits, claim that Goldsmith overstates the cost savings realized by contracting out services.

Contracts, Political aspects, Privatization, Privatization (Business), Municipal services, Indiana, Indianapolis, Indiana, Public contracts, Government contracts, Goldsmith, Stephen

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The ABC of a currency board: currency boards can help countries parry attacks on thei currencies. But is Hong Kong running its board the right way?

Article Abstract:

East Asian currencies have depreciated in the fall of 1997, but Hong Kong's dollar has remained pegged to the US dollar. Other East Asian countries do not have currency boards as Hong Kong does, but Hong Kong may not be able to keep its currency safe from speculators.

Hong Kong, Monetary policy, Southeast Asia, Currency devaluation, Devaluation (Currency)

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Running dry

Article Abstract:

China is suffering from drought, the causes of which and possible solutions are examined in detail.

China, Natural disasters, Droughts

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