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...been an elected official,” said State Representative and former Cambridge mayor Alice K. Wolf. While some cities will make immediate cuts to balance their budgets, others, including Cambirdge, may be able to eke by without such drastic measures, said Cambridge Vice Mayor Brian P. Murphy, who said the city should be able to slow down programs rather than make wholesale cuts. “This year, we can probably make up the cuts through efficiencies, delays in hiring, and using reserves,” he said. The city manager is currently looking at this year?...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Cambridge Faces Aid Reduction By State | 1/30/2009 | See Source »

...another chopper in mid-air on a sunny day over Flagstaff, Arizona, killing seven. Even though the second crash did not fit the pattern, pilots experiencing emergencies when they hit low visibility - which is called "unplanned transition to Instrument Flight Rules" in industry parlance - "is a common theme," says Brian Foster, Air Methods' director of operations...

Author: /time Magazine | Title: Chopper Safety: A Clash Between Federal Agencies | 1/30/2009 | See Source »

...loss of $7 million in the third quarter of 2008, compared with earnings of $117 million in the same period in 2007. Still, the company insists that its liquidity remains intact. "We ended the third quarter with $395 million in cash and cash equivalents," says Office Depot spokesman Brian Levine. "While the fourth quarter is not yet closed, we believe that we did not burn cash. It is our intent that we will maintain our liquidity throughout 2009, even under our most conservative projections of the economic environment...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

...first 40 weeks of 2008, compared with a $36.7 million profit during the same period in 2007. Same-store sales dipped 7.2%. In December, Jamba stopped shipping ready-to-drink smoothies to grocery stores because of production difficulties. "They still don't know who their core customer is," says Brian Moore, an analyst at Wedbush Morgan. "They have to define that. Is it the health-conscious consumer or someone who is looking for a treat? That's why the brand has had difficulty." Responds new CEO James White, an ex-Safeway executive who took over Jamba eight weeks ago: "From...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

...While Lynn may be well qualified, it is absurd to argue that he is uniquely qualified," says Danielle Brian, head of the nonprofit Project on Government Oversight, a watchdog group in Washington. "There are plenty of people with far greater business-management experience than that of a lobbyist." Nonetheless, Lynn, who during his confirmation hearing on Jan. 15 pledged to "maintain the highest ethical standards," appears headed for Senate confirmation. To ease some Senators' concerns, he has promised to sell all his Raytheon stock and have his dealings at the Pentagon for the first year subject to an ethics review...

Author: /time Magazine | Title: Obama's Lobbyist Ban Meets a Loophole: William Lynn | 1/27/2009 | See Source »

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