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...three automakers have included additional concessions by the UAW as part their broad case for government bridge loans totaling $34 billion. After meeting with the UAW, GM management issued a statement: "We are pleased to see these changes and the willingness of the UAW to help improve our competitiveness. The UAW has shown they are willing to work with us on tough issues. We look forward to continuing to work with our union partners to transform our business as we are in this together." (See the 50 worst cars of all time...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

Although the mainstays will continue to be taught, the department may allow concentrators to take “a suitably broad introduction to culture” as a substitute, according to classics concentrator Veronica R. Koven-Matasy ’10, the department’s junior class representative, who also attended yesterday’s meeting...

Author: By Alissa M D'gama and Bonnie J. Kavoussi, CRIMSON STAFF WRITERSS | Title: Classics Loosens Dept. Requirements | 12/3/2008 | See Source »

...presence of abuse. Identifying victimized children is often a subjective process, and caregivers may be wary of levying false accusations. Self-reports of abuse are frequently flawed and inaccurate as well, says Widom; they often produce the largest estimates of abuse incidence, but their definitions of maltreatment are overly broad. Even when children of abuse are correctly identified, not all caregivers know how to ensure their proper treatment. "There's no gold standard," Widom says...

Author: /time Magazine | Title: Study: Most Child Abuse Goes Unreported | 12/2/2008 | See Source »

...after the dot-com bubble burst. Since the announcement did not come as a surprise—many economists have been warning of a recession for months—Poterba said he thought that the psychological consequences of the official declaration would be modest. Though there was a broad selloff in the stock market yesterday, including a nearly 700 point decline in the Dow Jones Industrial Average, Harvard Kennedy School professor Jeffrey A. Frankel, who is also on the committee, said that he does not think the announcement was responsible. Though the committee does not recommend steps to pull...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: NBER Declares Official Recession | 12/2/2008 | See Source »

...recession was formally declared, investors cast their vote that economic recovery was nowhere in sight. All broad stock market indexes dropped sharply, with the steepest thrusts coming at the end of the trading day. The Dow ended Monday's session down 679.95 points or 7.7%, one of its worst days in recent months. Other broad market gauges took even steeper dives, with the Standard & Poor's 500, which includes financial stocks, falling 9.93%. The S&P 500 is now down...

Author: /time Magazine | Title: The Recession Is Made Official — and Stocks Take a Dive | 12/1/2008 | See Source »

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