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...what help the Federal Government might lend. When the governors met with Obama, they pressed him to pump money into state economies - including funding projects to build schools, bridges and other sorts of public works - and found a receptive ear. "To solve this crisis and to ease the burden on our states, we're going to need action and we're going to need action swiftly," Obama said in a speech at the meeting. "This Administration does not intend to delay in getting you the help that we need." Based on the latest data, by the time he takes office...

Author: /time Magazine | Title: States' Financial Outlook: Getting Worse Fast | 12/5/2008 | See Source »

...with 13 points to bring his team into the break on top. He added seven more in the second, hitting an open three as well as two free throws and a quick jumper, as the game got out of hand. His teammates carried a fair amount of the shooting burden themselves, especially freshman forward Jake O’Brien and sophomore forward John Holland. Overall, the Terriers made 13 threes in the game, out of 28 attempts, a 46.4 percent mark.Harvard could only make 2-of-15 long range shots and some credit for this goes to Lowe. Matched...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Defensive Woes, Turnovers Plague Crimson in Home Loss to Terriers | 12/4/2008 | See Source »

...risk of bankruptcy, according to a study earlier this year by Grant Thornton, a Southfield, Michigan, consulting firm. If General Motors files for bankruptcy, it will further impede its ability to pay its suppliers in full, on time. Many suppliers are already saddled with debt. So the extra burden will likely obliterate suppliers' operating budgets - and, in turn, cripple their ability to deliver goods to surviving automakers...

Author: /time Magazine | Title: The Ripple Effect of a Potential GM Bankruptcy | 11/28/2008 | See Source »

Both Ford Motor Co. and Chrysler LLC also have large pools of untapped cash reserved specifically to cover retiree health care under the terms of contracts signed in the fall of 2007 that were supposed to remove the retiree-health-care burden from company balance sheets. Meanwhile, new workers eventually hired to replace GM's, Ford's and Chrysler's current employees will no longer be eligible for postretirement health benefits. For the automakers, the costly transition is worth it, because it eliminates one of the major uncertainties they have faced over the years - the soaring cost of health care...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

...migration from Latin American nations to the United States: Though they're often portrayed as a burden on the U.S. economy, the report argues that immigrants are instead a key driver, and one which accounted for half the growth in our nation's labor force during the 1990s. Migrant contributions to the labor market have been obscured by illegal immigration, a political hot potato that has ramped up tensions between U.S. and Latin American nations. "On balance," the authors argue, "the impact of immigration on the U.S. economy has been significant and positive. Estimates of the net benefits...

Author: /time Magazine | Title: Rethinking Relations with Latin America | 11/25/2008 | See Source »

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