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...Ukrainians have descended upon banks across Kiev, anxious to get hold of their cash. With a number of banks already under the administration of the National Bank, worried citizens have drained over 20% of hryvnia deposits since November. As banks struggle to come up with enough cash to meet demand, one has even proposed a scheme of exchanging deposits for homes that have been repossessed. "I have to come here every day to stand in line in the cold, with no food or toilet," Vesna says. "But what else can I do?" (See pictures of Ukraine's neighbors, Russia...

Author: /time Magazine | Title: Political Fights Sour Ukraine Economy | 3/6/2009 | See Source »

...York Times published a pair of stories tracking Harvard's industry ties. The school might have turned a whole new shade of crimson when its flunking grade from AMSA was made public last summer, but things got even uglier in November when 40 med students rallied on campus to demand that industry and academia make a clean break. The facts, they argued, justify their outrage. Of Harvard's 8,900 professors and lecturers, 1,600 admit that either they or a family member have had some kind of business link to drug companies - sometimes worth hundreds of thousands of dollars...

Author: /time Magazine | Title: Is Drug-Company Money Tainting Medical Education? | 3/6/2009 | See Source »

...from treating doctors to meals and golf excursions and even banned the ubiquitous company-branded pens, mugs and notepads that clutter waiting rooms and reception desks. Just this week, federal officials revealed a newly aggressive plan to begin pursuing civil and criminal charges against doctors who accept kickbacks or demand speaking or consulting fees for prescribing drugs or medical devices...

Author: /time Magazine | Title: Is Drug-Company Money Tainting Medical Education? | 3/6/2009 | See Source »

...Just as the general competition goes up, so the bad news is that it’s harder to get a job at all in academia,” the computer science professor said. “The good news is that the supply is large relative to the demand, so the quality ought to increase in all good dimensions.” At present, it is unclear whether or not the program will be temporary, but if the program does stay, some professors voiced worry that it may grow too large. “What you don?...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Ph.D.s To Fill Teaching Posts | 3/6/2009 | See Source »

...Some economists argue it is unrealistic to expect that China, which saw its slowest growth in seven years last quarter, will be able to boost its domestic demand through short-term spending enough to mitigate steep declines in global trade. "The idea that China will be helping the rest of the world is a myth," says Ben Simpfendorfer, a Hong Kong-based China economist for the Royal Bank of Scotland. "Almost half of what it imports is related to export processing. A large share of the remainder is commodities. It imports little for its own consumption. That befits its status...

Author: /time Magazine | Title: China Won't Ride to World's Economic Rescue | 3/6/2009 | See Source »

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