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...ratings agencies begin to downgrade the debt of several Eastern European nations, the concern has emerged that Ukraine, Lithuania, and Romania may have trouble with that debt obligations. The IMF says it is not worried about defaults, but it does not hold large amounts of the notes issued by these countries to fund their budgets, which have begun to post substantial deficits...
...Unless it ends suddenly tomorrow, all signs are that this will stack up as the worst economic downturn in the U.S. since the Great Depression. But if government spending is able to begin stabilizing the economy sometime in the second half of this year, the scale of the decline in indicators ranging from GDP to employment to consumer spending will be much closer to that of the harsh recessions of 1981-82 and 1974-75 than the nearly complete economic collapse of the 1930s. Will the stimulus work? That's the $770 billion question the new GDP numbers really...
...slow in much of the world - this, before global warming has really taken hold - even as population continues to grow, especially in the countries that have least been able to feed themselves. Given that it takes years or decades to breed new crop varieties, Fowler says we need to begin preparing now for the agricultural challenges of the future, using Svalbard's contents to build and breed new crops. "We've ignored the infrastructure of agriculture for too long," he says. "It's in our self-interest to fix this." The Svalbard vault may be a last resort...
...This is] definitely going to be a good weekend for some possible redemption.”Much of the men’s and women’s teams traveled to Williams yesterday to compete in what will be a very competitive national field. Tournament play begins this morning with first round match-ups and concludes on Sunday with championship matches scheduled to begin at 4:00 pm.Each year the CSA compiles team and individual squash rankings according to results from individual collegiate matches played during the season and updates these rankings monthly. At the season’s conclusion...
...English professors said the new curriculum, after the department’s first major reform in over two decades, will be unlike any other they had researched. It will begin offering four common-ground courses in the fall, and a full selection of eight per semester in the spring. These courses will replace the required survey courses English 10a and 10b, the American literature requirement, and the sophomore tutorial...