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...Iraq.) While Krauthammer is right that “at the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the banking industry,” he refuses to acknowledge that long-term economic recovery will need to address not only the most immediate causes of the financial crisis, but also structural and long-persisting challenges to economic growth...

Author: By Brittney L. Moraski | Title: Krauthammer’s Non Sequitur | 3/15/2009 | See Source »

...said. Additional confusion has arisen after various custodial workers reported that they had been notified of their termination—even though they were not on preliminary lists of workers to be cut provided by the subcontractors, Becker said. But he added that the Union has procedures established to address potential mistakes—including compensation and reinstatement—and that the more distressing issue is that layoffs are occurring at all. He noted that Harvard Medical School is also planning similar moves to cut costs through subcontractors, and that the Union is certain that further waves of cuts...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Janitors Face Job Losses | 3/13/2009 | See Source »

...TIME: I think that's a yes. But what do you think is the main concern of the Japanese electorate and how would you address that concern...

Author: /time Magazine | Title: A Conversation with Ichiro Ozawa | 3/13/2009 | See Source »

...distinguish. Globalization proponents—especially those who support the phenomenon on the condition that it’s better managed—have nothing to fear from economic nationalism and state intervention per se. The economic interconnectedness of the world is not disappearing, and we will need to address most problems collectively. But this time we need to be more careful not to put all of our eggs in one basket. Many forms of economic nationalism can help with that...

Author: By Raúl A. Carrillo | Title: The Return of Economic Nationalism? | 3/12/2009 | See Source »

...Occasionally tripping over his words, he seemed nevertheless to be in control of his emotions. In his Queens accent, Madoff said he was grateful for the chance to address the court. "As the years went by, I realized my risk and this day would inevitably come," he said. "I cannot adequately express how sorry I am for my crimes." Madoff explained that his Ponzi scheme, run through an account held by his investment-advisory business at the Chase Manhattan Bank, began during a "recession" in the early 1990s. He believed he would be able to extricate himself and his clients...

Author: /time Magazine | Title: The Madoff Hearing: A Guilty Plea, but No Catharsis | 3/12/2009 | See Source »

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