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...immediate euphoria that boosted world stock markets following the announcement of government plans to prevent broad financial collapse has now given way to longer-term worries that the world is entering a recession. After starting the week with two days of remarkable gains, markets in Asia and Europe Wednesday registered moderate losses similar to those of Wall Street, which dipped 0.82% on Tuesday. Like everyone else, traders are waiting for clearer signs of what the future holds...

Author: /time Magazine | Title: World Markets Stabilize, but Recession Fears Grow | 10/15/2008 | See Source »

...finance at New York University, keeps tabs on. According to his calculations, which are based on past stock movements, the S&P 500 has a pretty decent chance a year from now of being worth either four times what it is today - or a quarter as much. That absurdly broad range, which falls in line with other volatility barometers, is indicative of how haywire stocks have been acting. "You saw that kind of volatility in the Brazilian and Argentinean markets in the beginning of the 1990s," says Engle. "You don't really expect to see it in developed economies...

Author: /time Magazine | Title: Wall Street's Big Bounce: Don't Start Cheering Yet | 10/13/2008 | See Source »

...more genteel days, Harvard’s curriculum was nearly all required; the readings and teaching proposed to the youth a broad view of all that was thought beautiful and good for the gentleman. Modern fancies, however, have overwhelmingly favored the eviternal proliferation of options, whittling down the common texts for every entering class to the contents of one slim pamphlet, “Community Conversations...

Author: By Roger G. Waite | Title: Black Mischief | 10/13/2008 | See Source »

...rescue, has identified some other vital measures. The first is that the Swedish government quickly moved to clean up government finances at the same time as it bailed out the banks. The second is that monetary policy was tightened. And the third is that there was a broad national consensus over the plan, which helped to make it a success...

Author: /time Magazine | Title: Will Europe's Bank Bailout Plan Really Work? | 10/13/2008 | See Source »

...seems all too comfortable simply to remind us that Ernie Davis was quite a fellow—and in this respect it accomplishes little more than a well-written magazine piece. Fleder and Leavitt conspire to consolidate a vast range of sports movie tropes into a single film. The broad template is that of a single hero facing adversity armed with talent and determination; uplifting triumph inevitably follows. The makers of “The Express” iterate this sequence not only in the overarching narrative, but in smaller, similarly predictable subplots that seem to start and end every...

Author: By Alec N. Halaby, CRIMSON STAFF WRITER | Title: 'The Express' | 10/9/2008 | See Source »

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