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...January, the economy lost 600,000 jobs. There is no reason to think that the monthly number will be any smaller between now and the end of April. The biggest concern will be whether the near-term future looks so grim to managements that they will begin another substantial round of cuts as they look at their likely second quarter results. This would indicate that the total job loss for 2009 could move above six million. To economists, that would look like the end of the world...

Author: /time Magazine | Title: A Double Dip Layoff Economy | 2/9/2009 | See Source »

...without definitive numbers while decisionmakers attempt to get a better idea of market conditions. Though the Corporation is meeting today, University administrators declined to discuss the topics on the agenda this weekend. In the meantime, schools are taking various approaches to prepare their budgets, which are generally due in April, despite the uncertainty over payout. The Faculty of Arts and Sciences is planning for budget scenarios ranging from a flat payout to a five percent decrease, according to FAS Dean Michael D. Smith. A five percent reduction in endowment income would translate into an $80 million decline for the entire...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Schools Expect Payout Decline | 2/9/2009 | See Source »

...offering a special $777 round-trip fare to Shanghai from Newark. From cities such asa Houston, Miami and Cleveland, the fare is just $888 round-trip to Shanghai on flights that connect through Newark. Tickets must be purchased by Feb. 28 for outbound travel from March 25 to April 30; all travel must be completed by June...

Author: /time Magazine | Title: Fashion Week's Couture Tea Cakes and Other Travel News | 2/9/2009 | See Source »

...Although the atheist posters were taken down when the campaign ended on Feb. 1, this modern-day Crusade being waged on London's transport system isn't over yet. The atheist bus organizers say they are regrouping and will launch another campaign in April, knowing that Christian groups are likely to respond in turn. "I don't object at all to the Christian ads that are going up, especially if they make people think," Dawkins says. "If more people think for themselves, we'll have fewer religious people...

Author: /time Magazine | Title: Christians and Atheists Battle in London Bus Wars | 2/8/2009 | See Source »

Maybe not. But it does need foreign aid, and booting a mid-level U.S. embassy messenger out of your country isn't the best way to cultivate it. Either way, this is the kind of atmosphere Obama will fly into in April when he attends his first regional summit, the Summit of the Americas, in Trinidad. It's instructive to note that Astorga's offending letter was dated Jan. 8 - while former President Bush, whose hemispheric policy was as ham-handed as any in memory, was still in office. Obama's first job in Trinidad is to convince the Latin...

Author: /time Magazine | Title: Out of Ecuador, A Latin Lesson for Obama | 2/8/2009 | See Source »

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