Tuesday, September 01
The Indian rupee on Wednesday slipped past the 90 per dollar mark, a level that once felt distant but now reflects a long, uneven slide that has stretched across four decades. Wednesday's breach came after months of pressure from weak capital flows, persistent importer demand and fresh hedging by companies worried that a softer currency could hurt their costs.The rupee opened near 89.90 and briefly touched 90 in the interbank system, extending an eight-month downturn that has made it one of Asia’s weakest currencies this year.A four-decade slide that saw everythingThe latest drop caps a journey that began in 1983, when the rupee first crossed 10 to the dollar. Back then, India's economy was closed, inflation was high, and foreign investment was minimal.The real shock came in April 1991
President Donald Trump has claimed for months that his administration and Harvard University were close to a monumental deal to end his extraordinary pressure campaign against the university.Even some at Harvard say a deal appeared imminent this summer. But eight months after the rupture between Harvard and the government blew open, no deal has materialized."Negotiations are proceeding and productive," said Madi Biedermann, a spokesperson for the Education Department, in a statement to The New York Times this week.The talks, though, have stumbled around arguments about where any money will go.Harvard has been open to spending $500 million on workforce training programs. But Trump officials have recently argued that some of the money should be paid directly to the federal government, a prop
