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...central bankers that means inflation is a non-issue at the moment and that Europe's monetary czars are now focused on ensuring that there is enough liquidity in circulation to keep the economy moving. With prices for oil and other major commodities falling, Trichet predicts a sharp drop in the inflation rate to between 1.1% and 1.7% next year from 3.2% to 3.4% this year. "This is a very significant rejection of everything that they've said before," said Jörg Krämer, chief economist at Commerzbank. "There will be a further interest rate cut in January...

Author: /time Magazine | Title: Is Europe's Central Bank Missing the Crisis? | 12/4/2008 | See Source »

...India That Doesn't Shine In these days of extreme emotions, one of the biggest surprises has been the relative calm of the Indian stock market. It is about where it was the day before the attacks, with no sudden drop or panicked selling. Yet investors have certainly noticed the attacks; Mark Matthews, chief Asia strategist for Merrill Lynch in Hong Kong, says that India missed the rally over the past week enjoyed by the rest of the Asian markets. "India didn't get a share of that bounce." In the long term, he says, investors may simply start thinking...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...describes being admitted to a locked ward during a psychotic episode. She signed her commitment papers with a single word: shame. It's one of the few paragraphs in Wishful Drinking that doesn't contain a punch line; only when she writes about her brushes with madness does Fisher drop her manic stand-up shtick and let us see, for a moment, what it's there to cover up. Ironically, it's when she's describing herself at her craziest that she sounds the most sane...

Author: /time Magazine | Title: The Princess Diaries | 12/4/2008 | See Source »

Junior No. 5 Katherine O’Donnell used corner and drop shots to great effect to record the most lopsided win of the day with a 9-0, 9-0, 9-1 pounding that that was over in 20 minutes...

Author: By Barrett P. Kenny, CRIMSON STAFF WRITER | Title: Harvard Posts Sweep Against Dartmouth | 12/4/2008 | See Source »

...increased correspondence comes during a global economic crisis that has affected even the Ivory Tower. In the past few weeks, University President Drew G. Faust and FAS Dean Michael D. Smith have been sending out letters detailing news in Harvard finance—Tuesday, Faust announced a 22 percent drop in the endowment in four months from its June 30 value of $36.9 billion...

Author: By Benjamin M. Jaffe and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Dean Smith To Release Detailed Finance Report | 12/4/2008 | See Source »

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