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...battered by high levels of volatility in their stock accounts," says Stuart Gabriel, professor of finance at UCLA's Anderson School of Management. The diminished value of stocks, falling home prices and fears about potential unemployment combine to create a negative "wealth effect," making consumers feel poorer. As a result, they spend less. Robert Hansen, professor of business administration at Dartmouth's Tuck School, says unprecedented uncertainty is making the public mood darker still. "People are so unsure of what's out there that they're expecting the worst," says Hansen...

Author: /time Magazine | Title: A Dismal Earnings Outlook on Wall Street | 10/31/2008 | See Source »

...Victoria D. Sung, who is also a Crimson Arts columnist, created a look inspired by the “simple” and “chic” aesthetic of Natalie Portman ’03. The result? A midnight blue jersey dress with braid detailing on the neckline...

Author: By Kate E. Cetrulo and Emily C. Graff, CRIMSON STAFF WRITERSS | Title: FM's Third Annual Fast Fashion Challenge | 10/31/2008 | See Source »

...judges thought Tsim was well spoken. “I liked the idea that it was Vanity Fair crossed with Bollywood,” Parent says. But they were disappointed by the slight puckering at the seam, a result of an unfortunate choice in fabric...

Author: By Kate E. Cetrulo and Emily C. Graff, CRIMSON STAFF WRITERSS | Title: FM's Third Annual Fast Fashion Challenge | 10/31/2008 | See Source »

...result of the cuts, “students would probably receive fewer services,” said Steven Swanger, the CHA’s director of resident services. “If we can’t replace the funding, it would mean cutting back and looking for alternative funding, but we’re not prepared to cut this program [entirely] at this point...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Mass. Budget Cuts Hit City Housing | 10/31/2008 | See Source »

...expert on the state constitution who opposes a ConCon, says it's impossible to predict what will happen if voters decide to have one. Feder Lee, a retired University of Hawaii West Oahu political science professor, says the original delegates to the 1968 ConCon had no idea what would result from their inaugural convention. They were supposed to fix a problem with reapportionment districts that dated to statehood in 1959. But they did not stop there and went on to set the minimum age of state legislators at 18; set up a commission to determine legislative salaries; eliminate a requirement...

Author: /time Magazine | Title: Should Hawaii Rewrite Its Constitution — Again? | 10/30/2008 | See Source »

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