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...circulation speed, in the area. The idea is that if currency circulates more quickly, the money passes through more hands-and more people have had the benefit of the money and what it has purchased for them. "If you're buying local and not at a chain or branch store, chances are that store is not making a huge profit," says David Morris, Vice President of the Institute for Local Self-Reliance, a nonprofit economic research and development organization based in Minneapolis and Washington, D.C. "That means more goes into input costs-supplies and upkeep, printing, advertising, paying employees-which...

Author: /time Magazine | Title: Buying Local: How It Boosts the Economy | 6/11/2009 | See Source »

...first attack on Islamabad since March 23, Pakistan National Day, when a suicide bomber struck the headquarters of the Special Branch - a special police investigative unit - killing a guard who tried to stop the attacker. Law enforcement authorities in the capital have been bracing themselves for militant attacks since the army launched a wide-ranging military operation in the Swat Valley and two neighboring districts in a bid to wipe out the Taliban. Manned entries to the city have been beefed up with increased numbers of policemen searching vehicles, while sentries at all checkpoints lying athwart main roads have been...

Author: /time Magazine | Title: Fears Escalate Over Violence in Islamabad | 6/6/2009 | See Source »

Richard E. Neustadt, the founding director of Harvard’s Institute of Politics, was fond of saying that the power of the Presidency is the power of persuasion.Of course, the late White House adviser meant the U.S. Presidency, but without the trappings of the American executive branch, a standing army, or a multi-billion dollar budget, leadership on the Undergraduate Council perhaps offers at least an equally compelling proof of Neustadt’s thesis.Persuasiveness was a trait clearly prized by last year’s UC leader Matthew L. Sundquist ’09, a habitual social networker...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Presidential Power? | 6/3/2009 | See Source »

...student opinion. The Office of Career Services addressed criticisms that it focused too narrowly on the financial and consulting sectors by launching a new initiative to highlight more diverse career options. Although OCS still has room to improve, it is gratifying to see that it is beginning to branch out as more students look to alternative career options. The Q Guide also made a very sensible change this year by finally requiring students to complete their evaluations in order to view their grades promptly after examination period. Again, encouraging student participation is key to making the Q Guide effective...

Author: By The Crimson Staff | Title: Not Just the Thought that Counts | 6/2/2009 | See Source »

...plot hinges on a takeover bid by one branch of the Lohias for the whole company. There is the patriarch, whose dignified conduct leaves him helpless in the face of the aggressive global marketplace; his dissolute nephew, rebelling after years of frustrated obedience; and his daughter, a young woman becoming keenly aware of her sexual power. Such drama could easily veer into soap opera, but Chowdhury uses his experience as a business journalist to turn the machinations of finance into the stuff of suspense, elegantly connecting the shadowy moneylenders of Mumbai to the gleaming towers of Hong Kong...

Author: /time Magazine | Title: Unhappy Families | 6/1/2009 | See Source »

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