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...risen to 6.5% and is expected to hit 8% by next year, if not higher. Some economists predict that gross domestic product will shrink at a 5% annual pace in the fourth quarter and perhaps 3% or 4% in the first three months of next year as a result of a squelching of credit by banks and a crushing plunge in consumer spending. Those factors have convinced Obama that if he is going to have any sort of presidency worth its name, he must take decisive action now. "With our economy in distress," Obama said, "we cannot hesitate...

Author: /time Magazine | Title: Jump-Starting the Obama Presidency | 11/26/2008 | See Source »

...nail clipper she needs for the manicurist test she's taking the following week. But it costs nearly $20, three times what it would in the U.S. A knockoff 26-in. (65 cm) "PanaBlack" TV--one of those outdated crt behemoths--is listed at over $750. It's the result of a supply chain gone insane. Chinese influence is everywhere here--from the ubiquitous Yutong buses to the new renovations financed by the Chinese at Lenin Park on the outskirts of town and the three channels of Chinese state-run television that play in Havana hotel rooms. But unlike...

Author: /time Magazine | Title: The Sound of Change: Can Music Save Cuba? | 11/26/2008 | See Source »

...many journalists, "hatred of Murdoch had come to define the profession." But he and his feuding family--including four adult children, a scorned former wife and his current spouse, 39-year-old ex--News Corp. executive Wendi Deng--nonetheless opened themselves up to biographer Wolff's relentless questioning. The result is an inside account of the billionaire newsman's hard-fought, obsessive battle to acquire the Wall Street Journal. But as in Murdoch's more lowbrow publications, the real attraction here is the scandal: Wolff delves into the family's succession melodrama ("a bloody mess," says Wolff) and calls Murdoch...

Author: /time Magazine | Title: The Skimmer | 11/26/2008 | See Source »

...Millock agreed, giving credit to the entire Crimson corps for the close result...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: 2-1 Loss Sends Harvard Home for Season | 11/26/2008 | See Source »

...mailed statement that “the Harvard community needs to be prepared to absorb unprecedented endowment losses and to plan for a period of greater financial constraint.” BROWN UNIVERSITY Brown has instituted a hiring pause through January of all administrative and staff positions as a result of voluntary turnover...

Author: By Michael Y. Sun, CONTRIBUTING WRITER | Title: Ivy League Universities Issue Statements Concerning Their Responses to the Economic Downturn | 11/26/2008 | See Source »

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