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...thing when someone can't make a mortgage payment or a company cannot cover the interest on capital it borrowed to build a new factory. In a recession, those kinds of events are commonplace. It probably never crosses the mind of the average citizen that the ability of the U.S. government to borrow money for deficits, bailouts, mortgage-assistance programs, and refurbishing the monuments in Washington is not limitless. The term infinite may apply to the cosmos but it does not apply to the debt carried by the U.S. Treasury...

Author: /time Magazine | Title: Betting the U.S. Government Won't Pay Its Debts | 3/11/2009 | See Source »

...strong start does not mean a strong finish. China is a case in point. Its GDP has grown at a rate of about 10% a year for a decade. The government has done whatever it needed to do to keep the economy on track. It has underwritten the build-up of the manufacturing sector, the telecom and electric infrastructure, and a large and complex financial system. It has also sold parts of the nation's largest companies to the public to give the companies more access to capital. The communist central government says it will put about $585 billion into...

Author: /time Magazine | Title: When China and Brazil Become a Better Investment Than the U.S. | 3/10/2009 | See Source »

...spectacular growth of the porn industry. Meanwhile, Harvard students across campus are having trouble getting I-Banking jobs. Will the Northwest Valley be the new Wall Street?BGE: [Laughs.] Times are tough, but my general advice remains the same: creative, innovative entrepreneurship. Start a business, run a company, build a better mousetrap. That’s where the future lies...

Author: By Luis Urbina, CONTRIBUTING WRITER | Title: Fifteen Questions with Benjamin G. Edelman '02 | 3/10/2009 | See Source »

Several residents drew parallels between the current petition and the zoning variance—a one-time exception to zoning laws—granted last month to Alexandria Real Estate Equities, Inc, a developer that plans to build biotechnology labs in East Cambridge...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Locals Protest Plan For Bio Lab | 3/10/2009 | See Source »

...students to pursue careers in public service. “PBHA has struggled with the question of whether these trips make sense in difficult economic times,” he said. “I think we’ve worked hard to make sure that these trips do build sustainable partnerships and that they are making a contribution to these communities.” —Staff writer Evan T. R. Rosenman can be reached at erosenm@fas.harvard.edu...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: PBHA Spring Break Trip Demand Surges | 3/9/2009 | See Source »

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