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...perched on the edge of a deep recession, the national unemployment rate above 6% and nine straight months of a national net decline in jobs, the question is whether the U.S. labor market's fortunes are about to plunge even more steeply. In the eyes of many experts, the answer is a bleak one. "Unfortunately, the worst is to come," says Robert Reich, a former U.S. Secretary of Labor under President Bill Clinton and a professor at the University of California, Berkeley. Reich argues that consumers have only begun to tighten their purse strings, which will shrink business markets...
...advance of today’s national elections. Summers, who currently serves as an advisor to Democratic presidential nominee Barack Obama, made no secret of his allegiances when asked to offer his opinions on the platforms of the two major party candidates. “I can only answer that question with no pretense of objectivity,” Summers said at one point, drawing laughter from the nearly 30 people in attendance at the event. “The difference in economic approaches by either candidate is that one is sophisticated and the other...
...nearly empty restaurant - which until quite recently would have been tightly packed at lunch by officials, business executives, entertainers and journalists - a key Moscow banker tells me quietly, "They admit privately at the top that the crisis has moved into economics. Their most likely answer is tightening the screws, as they're running out of other means." In the near future, he envisages Russia's becoming a country whose dwindling population is mired in deepening poverty, an increasingly authoritarian state, run by a handful of immensely rich people, their despotism mediated only by their wish to be accepted...
...enter? What training of the faculties have I submitted to, to give them that vigor which is needed to grapple successfully [with] the difficulties of the most trying profession known among men? Alas, to all these and a thousand similar questions which might be asked, I have but one answer. Nothing, nothing, absolutely nothing...
Throughout the day there were sessions where students were able to present their projects and answer questions. Several hundred visitors gathered, listening to the presenters...