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Investor sentiment was shaken over the holiday weekend by news that Japan's economy shrank at an annualized rate of almost 13% in the latest quarter. Economic news from virtually every corner of the world is reinforcing the notion that this economic storm knows no bounds, and may be gaining fury...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...It’s a great space and we’re all anxious for it to open,” Jillson said of Tory Row’s location. “I think it will add a whole new level of street life to a corner that badly needs it.” Curtis and Lutes, who are known for their unusual, design-centric bars and grills, opened their first restaurant in Cambridge, Miracle of Science, next to MIT in 1991. —Staff writer Shan Wang can be reached at wang38@fas.harvard.edu...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: New Café To Open In the Square | 2/17/2009 | See Source »

...desperate move to deal with an intractable radical insurgency, the Pakistan government said it will impose a form of Islamic law in the Swat Valley, located in the northwestern corner of the country. As a result, Islamabad's faltering military campaign there has been put on hold, and the militants have agreed to a tentative cease-fire. But many observers fear that, far from calming the conflict, the government has capitulated to the Islamist guerrillas and set a worrying precedent - one that will surely displease the U.S. officials who want the Pakistani government to take a harder line against militants...

Author: /time Magazine | Title: Pakistan's Shari'a Pact: Giving In to the Taliban? | 2/17/2009 | See Source »

...line, where he hit both free-throws. Junior guard Jeremy Lin intercepted a pass on the defensive end and took the ball all the way to the rim to stretch the lead before senior guard Drew Housman capped the run with a three-pointer from the corner...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: NOTEBOOK: Harvard’s First-Half Play Improves in Loss | 2/16/2009 | See Source »

...initial save, Vaillancourt sunk the rebound, getting the Crimson on the board. Harvard still had command over the game at the start of the third period, but not for long. Within the first minute, the Big Red’s Rebecca Johnston crossed the puck into the right corner of the net, tying the score, 1-1. But the Cornell goal did not put the Crimson down. “Right after Cornell’s goal, we responded well and took it to them,” Stone said. Harvard answered with four more goals in the final frame...

Author: By Katie Kuzma, CONTRIBUTING WRITER | Title: Victory Over Cornell Earns Title | 2/16/2009 | See Source »

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