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...most recent Philanthropic Giving Index - sort of a Consumer Confidence Index for donations - the Center on Philanthropy reported in July that nonprofits were feeling less optimistic than they had six months ago. And that was before Lehman, before AIG, before the S&P 500 Index dove off a cliff. Gregory Boroff, senior vice president for external relations at the New York Food Bank, notes that his organization's donations from direct mailings is down 27% from the same time last year. Like City Harvest, the New York Food Bank receives the bulk of its donations during the holidays, and Boroff...

Author: /time Magazine | Title: Charities Are Bracing for a Long, Hard Winter | 10/10/2008 | See Source »

With Wall Street going off the cliff, and housing prices still declining in many areas, both spending and lending are being squeezed all across the country. Consumer lending contracted last month--that's practically un-American. Car dealers may fold by the hundreds, as customers can't get credit to buy and manufacturers won't finance dealer inventories. Holiday-shopping forecasts are getting bleaker. Declining home values mean more homeowners could default, further driving down property values. All that crimps tax revenues, and states such as Pennsylvania and New York are now trying to plug gaping holes in their budgets...

Author: /time Magazine | Title: Finding One Economic Bright Spot on Main Street | 10/9/2008 | See Source »

...black friend Danny,” such as “hating on me” and “got nothin’ but love for ya.” The only other person of color who shows up in the novel is Pat’s therapist, Cliff, whom Pat’s brother and friends call a “dot head.” When Pat reveals that he knows Cliff, however, his brother changes his behavior, and the incident is quickly forgotten, if not resolved. The child-like complacency of Pat’s narration...

Author: By Rachel A. Burns, CRIMSON STAFF WRITER | Title: Quick's Book Is a Few Plays Short | 10/9/2008 | See Source »

...Morgan Stanley's stock, down 63% over the last year, giving you anxiety attacks? Does GM, which has lost 75% over the last year, make you want to drive a car off a cliff? Well, you could always, as so many investors do, try to forget your sorrows by pouring your passion into your favorite football or baseball teams. Or, you could buy some shares of LeBron James (ticker symbol: KING), who was up almost 400% on October 2. Or grab PMAN (no, not that's shorthand for notorious footballer Pac-Man Jones) the ticker symbol for Peyton Manning...

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

...teenagers took it as an affirmation that they were just as cool as the kids in London and New York who were letting their hair grow. But the concert never happened. Legend has it that a rival promoter, who had been trying to bring clean-cut British pop star Cliff Richard to Israel at the same time, warned the authorities that the mop-haired Beatles would exert a dangerous influence on Israeli youth. Mindful of preserving the moral purity of the next generation, Israel's leaders canceled the show under pressure from conservative members of the Knesset. When a hoard...

Author: /time Magazine | Title: Beatlemania Hits Israel, Four Decades Late | 9/25/2008 | See Source »

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