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...sudden, precipitous drop would almost certainly signal the beginning of a recession, since in many ways consumer confidence in the economy is the result of self-fulfilling prophecies: financial anxieties on Wall Street and frantic election-year politicking over the economy aren't really the kinds of things that buck up everyday spenders. But other factors now present in the economy affect popular thinking as well: energy costs, inflation, credit markets and job availability. Thus, the spectacle of Monday's roller-coaster ride on Wall Street may be just one more push toward the point when Americans start to pocket...

Author: /time Magazine | Title: Consumer Confidence: A Key Recession Signal | 10/6/2008 | See Source »

...million to start the company, are betting that, in the Internet age, people feel comfortable with virtual property. He points to Second Life, the wildly popular simulation game where you can speculate in digital real estate with real money. He also mentions Facebook, where you can spend a buck on electronic flowers for your girlfriend. But in these examples, at least you can see that pretty house or flower on your screen. For a $15 share of Brett Favre, you see his headshot and statistics, information that is available at, oh, about a million different sites...

Author: /time Magazine | Title: Playing the Jock Market | 10/3/2008 | See Source »

...only represents hard work on the student end, but it also serves as a ringing endorsement of new Dean of the College Evelynn M. Hammonds. Making a difference in the day-to-day lives of students requires that a dean make conscious and sizeable decisions instead of passing the buck. For taking student concerns seriously and acting upon proposals instead of pushing them from one committee to another, Hammonds should be commended...

Author: By The Crimson Staff | Title: Fundamental Gain | 9/26/2008 | See Source »

...career has gone up in flames, Bud’s father Carl counsels, “It’s gonna be rough on you but maybe in some screwed up way, that’s the best thing that can happen to you. Stop trading for the quick buck and go produce something with your life, create, don’t live off the buying and selling of others...

Author: By Daniel E. Herz-roiphe | Title: Now What? | 9/26/2008 | See Source »

...Will more companies have to step in and prop up the value of their money market funds? Probably. Will more funds break the buck? Maybe. But short of having all your money in FDIC-insured bank accounts, which most likely carry lower yields, there aren't that many options that are safer...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

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