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...Where is the global economy heading from here? My concern right now is that this U-shaped recession we are in could turn into something much uglier, meaning a Japanese-style L-shaped recession. We're in the worst global synchronized recession in the last 60 years. Unless we take the right policy actions, we'll end up in a near depression. I did not want to use that term six months ago. At that time, I said the chances of a near depression were only 10%. But today those chances are 33% or so. (Read "25 People to Blame...

Author: /time Magazine | Title: Roubini Sees More Economic Gloom Ahead | 3/3/2009 | See Source »

...good news out there? Honestly, as of now, I don't see any. Policy is moving in the right direction. My concern is this is too little, too late...

Author: /time Magazine | Title: Roubini Sees More Economic Gloom Ahead | 3/3/2009 | See Source »

...world is no longer inchoate. The speed of the destruction has left the realm of what people fear and has entered the domain of what they know. As Kali ventures into the economic world, so many lives will be ruined that the number will be uncountable. The most-discussed concern of the media was whether people would be late on their mortgage payments has quickly evolved into speculation about how many people will have homes...

Author: /time Magazine | Title: The Financial Crisis: The World At War | 3/3/2009 | See Source »

...this is a promising development, the revisions do not go far enough. The United States owes a debt of obligation to both its soldiers and its citizens to universally allow caskets to be photographed by the media. These types of bans arise more out of political considerations than a concern for the honor of the dead. During the Vietnam War, photographs of military caskets proved politically dangerous to war supporters as they allowed the public to view and understand the mortal realities of combat. According to USA Today, the term “Dover Test...

Author: By The Crimson Staff | Title: Captured Reality | 3/2/2009 | See Source »

...head of the genetics department at the Harvard Medical School, Clifford J. Tabin—who received $50,000 last spring to study evolutionary changes in skin appendages like hair and nails—called the decrease in non-federal funding for the sciences “a concern, especially for young researchers starting out and for mid-level faculty who need to keep their momentum...

Author: By Alexandra perloff-giles and June Q. Wu, CRIMSON STAFF WRITERS | Title: Science Funding Delayed | 3/2/2009 | See Source »

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