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...Washington Blackwater Guards Charged In the latest blow to Blackwater Worldwide, the largest security contractor in Iraq, five employees were indicted on voluntary-manslaughter and other charges in the deaths of 17 Iraqi civilians at a busy Baghdad intersection. The Justice Department unsealed a statement given by a sixth guard recounting the 2007 incident in which dozens of people were shot. In the account, Jeremy Ridgeway describes how he and five other men opened fire on cars and even a girls' school, claiming it was done without provocation...

Author: /time Magazine | Title: The World | 12/11/2008 | See Source »

...Borusewicz says. "He defended the communist dictatorship, not the state." Marek Krasko, a Warsaw accountant, remembers that as a 13-year-old, he welcomed martial law--because the schools were closed--until he saw his grandmother in tears at the prospect of civil war. "Martial law was a hard blow for Solidarity, and it pushed the country back," he says. "But on the other hand, without Jaruzelski, it all could have ended up in violence." A December 2007 survey showed that 44% of Poles believe the authorities had no choice but to crack down, while 45% condemn the decision...

Author: /time Magazine | Title: Postcard from Warsaw | 12/11/2008 | See Source »

...contracting car market in China deals another blow to a global industry already reeling from recessions in the U.S. and Europe. China was supposed to be a surviving bright spot, where international carmakers, beleaguered at home, could still find new sales and profits. But with the market shifted into reverse, the already fierce competition between foreign and Chinese automakers like Chery and Geely will only intensify. Discounting has become widespread as carmakers chase fewer customers with special deals, eating into profit margins. "When growth is slowing down, everyone will be trying to defend market share," says David Jin, managing director...

Author: /time Magazine | Title: China's Booming Car Market Shifts into Reverse | 12/11/2008 | See Source »

...December 2, 2008, Harvard President Drew G. Faust sent a letter informing the Harvard community of a 22 percent loss in the endowment. This $8 billion blow comes on the heels of much criticism about Harvard’s spending policies. In light of the recent financial crisis and these pointed questions, it is important to examine and evaluate Harvard’s endowment and fiscal policies. This focus seeks to highlight a diverse array of concerns and suggestions, such as taxing the endowment, environmentally responsible investing, socially conscious alumni donations, and the student body’s role...

Author: By Claire G. Bulger, Courtney A. Fiske, and Molly M. Strauss | Title: FOCUS: Harvard's Endowment | 12/10/2008 | See Source »

...Crimson needed a boost. Running the ball up the court, then-sophomore point guard Erik Groszyk came under heavy defensive pressure and took an elbow to the back of his head. “At the time it didn’t seem to be a very bad blow, but it turned out to be a pretty terrible concussion,” explained Groszyk. “It became a major issue. I had to leave school for a semester. It affected my schoolwork and other aspects of my life.” Unable to receive the necessary treatment...

Author: By Nico S. Theofanidis, CONTRIBUTING WRITER | Title: Erik Groszyk’s Long Road Back To Action | 12/9/2008 | See Source »

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