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...That panic is felt by politicians and policymakers, who have slashed interest rates and hiked fiscal spending in an attempt to stimulate growth. In January, Taiwan's government doled out $2.6 billion in spending vouchers - or about $100 a person - to encourage consumers to splash out. The administration of President Ma Ying-jeou is also pushing a $14.7 billion program of infrastructure projects through the legislature, which includes funding for construction of better bridges and more subways. Singapore in January announced a $13.4 billion "Resilience Package" that will increase the country's budget deficit to a record level. Yet there...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

...company's attempt to improve the fortunes of its financial unit will not be without cost. As Morningstar says, "GE's decisions to wind down its non-U.S. portfolio and shift to higher-quality asset classes is welcome even though these decisions will likely pressure earnings going forward." GE makes the risks of its exposure to the real estate, tight credit markets, other financial firms clear in all of its public filings and readily admits that it may not be able to keep its "Triple-A" credit rating which would drive up its borrowing costs...

Author: /time Magazine | Title: In Defense of General Electric | 2/24/2009 | See Source »

...attempt to reduce its budget for next year by $12 million, Harvard College Library—which manages the circulation of over 11 million items—will shuffle personnel to streamline its services, and will likely be unable to avoid layoffs this spring. For now, the move will require the displacement of the 17 workers in the Widener serial services division, which catalogs incoming periodicals, to a Central Square facility currently occupied by HCL’s technical services unit, according to HCL spokeswoman Beth Brainard. To encourage further cost-cutting, administrators and senior managers of HCL?...

Author: By Esther I. Yi and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Faced with Budget Cuts, Harvard College Library Consolidates | 2/24/2009 | See Source »

Driving in Massachusetts is on a road to becoming more of a luxury. Yesterday, the Massachusetts Turnpike Authority voted to increase toll prices in a staggered fashion—by a factor that depends on whether a gas-tax increase will also be approved. In an attempt to rid the state’s transportation system of its debt, and to bolster the budget by half a billion dollars, Governor Deval L. Patrick ’78 has suggested raising the gasoline tax by 19 cents in the state—nearly double its current level. His proposal, which would...

Author: By The Crimson Staff | Title: Fueling Change | 2/24/2009 | See Source »

...Read "Brandeis' Attempt to Turn Art into Assets...

Author: /time Magazine | Title: Sparing a Dime to Save a College | 2/24/2009 | See Source »

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