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...grumbling about the deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking at a minimum of four to five years of deep fiscal problems." The headline of one ominous section - "The Foreboding Future" - is really all you need to know. The rest is mostly just recession gore...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...group had found that higher prenatal exposure to PAHs is associated with lower weight and smaller head size at birth and developmental delays at age 3. Studies of children in China who live near coal-burning plants have found that PAH exposure is associated with delayed motor development. The current Pediatrics study, however, is the first to link exposure to reduced performance on IQ tests. Kids in the low-exposure group scored a mean IQ of 101.6, while the mean score in the high-exposure group...

Author: /time Magazine | Title: Study Links Exposure to Pollution with Lower IQ | 7/23/2009 | See Source »

According to Bloomberg, Harvard is negotiating terms on a $1.75 billion line of credit and is willing to pay back any loans at 1.25 percentage points above the London Interbank Offered Rate, a common reference point for setting floating interest rates. The University's current $2 billion line of credit, set to expire next month, allows it to borrow $250 million more at an interest rate 0.25 percentage points higher than...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Harvard Considers Swapping in Tighter Credit Line | 7/23/2009 | See Source »

...system more stable than it sometimes might appear to outsiders. That's because there are no individuals strong enough to make a play for controlling power. "Collective leadership means weak leaders and strong factions," says Cheng Li of the Brookings Institution in Washington. Moreover, Beijing's leaders of the current generation all have vivid memories of the potentially devastating consequences of an open schism in the top ranks of the party. "What happened in Tiananmen in 1989 was a consequence of a split in the leadership," says Shih, "and whatever happens, the last thing they want is a repeat...

Author: /time Magazine | Title: Could Corruption Probe Linked to Son Hurt Hu? | 7/22/2009 | See Source »

...after former President Mohammed Khatami called for a national referendum on the legitimacy of the current regime, demonstrators came out - albeit in smaller numbers - first at Haft e-Tir shortly before 5 p.m., and then spreading westward on Kharim Khan Street. Because of the overwhelming security presence - hundreds of Guards and undercover Basij were waiting at Haft e-Tir and other major squares - protesters adopted a relatively new strategy, eschewing their symbolic green to blend in with the after-work crowd, then suddenly chanting slogans like "Death to the dictators" before scattering and re-emerging down the street...

Author: /time Magazine | Title: Amid Crackdown, Iranians Try a Shocking Protest | 7/22/2009 | See Source »

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