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...anymore.” Like most retailers, MacDonald counts on a strong holiday season. But he predicted that some businesses could find themselves suffering this year.“After the holiday season, there’s a huge drop-off and you have to borrow money from the bank,” said MacDonald. “Some businesses will find they won’t be able to.”Store managers for larger retailers such as Urban Outfitters and restaurants such as Bertucci’s were not permitted to comment on their business this fall...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Square Businesses Survive Meltdown | 11/11/2008 | See Source »

...Worse, real estate professionals from around the country say they have seen a growing trend of agents, like so many other homeowners, in housing distress. Ray Caddell, a broker in Charlottesville, Virginia, says he was recently asked to do an appraisal on a distressed property by a bank. When he looked up the address he found out that the homeowner who was behind on his mortgage was a fellow agent. He says his local association of real estate agents is looking into raising a fund to help brokers in need. "It's tough out there in the real estate world...

Author: /time Magazine | Title: Tales of Woe from Real Estate Agents | 11/10/2008 | See Source »

...proven that he is ready and able to do both. The fact that his career has already been marked by such brilliance and achievement makes his case all the more compelling. He is a winner of the prestigious John Bates Clark Medal, a former Chief Economist of the World Bank, and a Treasury secretary under Bill Clinton. Far from requiring on-the-job training, Summers could begin guiding economic policy from his first day in office, a point that cannot be undervalued in this time of urgent economic peril.Like everyone else, Summers is not perfect. His manner can be brusque...

Author: By The Crimson Staff | Title: The Case for Larry | 11/10/2008 | See Source »

...representation system means that even if Livni does manage to fend off the powerful challenge of right-wing former Prime Minister Benjamin Netanyahu, she may still lack a majority capable of forcing through a peace agreement that will ignite fierce, and probably violent, resistance from militant right-wing West Bank settlers. Israeli democracy has not given any political party or politically coherent bloc a clear majority in parliament since...

Author: /time Magazine | Title: How Obama's Win Will Affect Middle East Elections | 11/10/2008 | See Source »

...years to come. "I think in a decade, we'll be looking back at this moment and saying, 'This was it. This was when things really changed and China's economy transitioned from externally, export-oriented to an internal focus,'" says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong. He Liping, a professor of economics at Peking University, agrees. "I personally see this crisis as an opportunity to reduce our dependence on export and adopt a healthier path," he says...

Author: /time Magazine | Title: A New Deal for China? | 11/10/2008 | See Source »

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