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...them. With the chances for a global recession increasing, it's becoming clear that not even the world's fastest-growing major economy can avoid a pronounced slowdown. Any remaining hopes to the contrary were dashed recently when China's National Bureau of Statistics released the country's latest economic data: in the third quarter, GDP growth had slipped to 9%, the slowest quarterly pace since 2003. Meanwhile, estimates for 2009 growth are being slashed to as low as 8%, which would be a dramatic deceleration from last year's 12% rate and would rank as China's worst results...
...bankruptcies this year among companies with at least $100 million in assets, up from just 13 last year. He expects the number of bankruptcies to continue rising next year as well. S&P says its watch list used to be filled mostly with homebuilders or mortgage companies. But the latest additions are coming from industries such as retailing and media that are generally far removed from the mortgage and housing bust...
Members of the Cambridge Public School Committee raised concerns last night about the latest revisions to the district’s policies on drug, alcohol, and other substance abuse, which represent an ongoing effort to update and clarify student-focused protocols. The review began last term after the school district began to publish its policies online. Committee member Patricia M. Nolan ’80 explained that the review process has helped shed light on outdated aspects of the regulations. “When you clean it up you realize there is some messiness,” she said...
With less than two weeks to go until Election Day, Barack Obama has held or increased his lead in four key states won by President Bush in 2004 - Nevada, North Carolina, Ohio and Virginia - while he has lost ground in West Virginia, according to the latest series of TIME/CNN battleground-state polls conducted by Opinion Research Corp. The polls suggest that the McCain campaign's recent attempts to link the Democratic nominee to former domestic terrorist William Ayers and the liberal organizing group ACORN (which the GOP accuses of perpetrating voter fraud) are not resonating with most voters...
McCain's failure to move the needle in the four key states likely reflects, in part, the fact that his latest attacks on Obama are not having much impact. Although a majority of voters in Virginia, Ohio and North Carolina had heard of Ayers and ACORN, less than one-third of voters said such issues would affect their votes...