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...income in the U.S.; now it's above 114% (and above 136% of after-tax disposable income). The middle class--households earning roughly between $20,000 and $100,000 annually--had a debt-to-income ratio of 141% in 2004, according to New York University (NYU) economist Edward Wolff. And he figures it's even higher today. In the third quarter of 2005, the national savings rate (personal income minus spending) went negative for the first time since the Great Depression, and it has bounced back only slightly since...

Author: /time Magazine | Title: Bracing for a Recession | 11/29/2007 | See Source »

...mayors,” said former Congressman James A. Leach, the IOP’s director. “And students are particularly interested in the politics of their hometown.” Karen A. McKinnon ’10, of Boulder, Colo., experienced those benefits directly. Upon approaching Edward Clark, Jr.—the newly elected mayor of Greeley, Colo.—she found that her extracurricular interests had a place in her state’s local politics. “I mentioned how I was very into environmentalism, and he said that Greeley didn?...

Author: By Alice J Gissinger, CONTRIBUTING WRITER | Title: KSG Kicks Off Mayors' Conference | 11/28/2007 | See Source »

...discharge him if he did not renounce his father--who was suspected of being a communist because he read a Serbian newspaper--Air Force Lieut. Milo Radulovich said no and appealed. ("I could see a chain reaction," he said.) Radulovich, who later became a meteorologist, was made famous by Edward R. Murrow on CBS's See It Now (and in the 2005 film Good Night, and Good Luck); weeks after the broadcast the Air Force reversed its position. Radulovich...

Author: /time Magazine | Title: Milestones | 11/21/2007 | See Source »

John and Abigail Adams may not have expected their private correspondence to become public knowledge, but two centuries later a crowd filled Faneuil Hall, as Sen. Edward M. Kennedy ’54-’56, Gov. Deval L. Patrick ’78, and former Gov. Michael S. Dukakis and their wives read aloud from the letters...

Author: By Vidya B. Viswanathan, CONTRIBUTING WRITER | Title: Letters of Love From 1776 to 2007 | 11/20/2007 | See Source »

...finished third at 174 and 141, respectively. Jantzen had three major decisions, his only loss on the day coming from Penn State’s Frank Molinaro in the semifinals. Olsen, also 5-1, nabbed third place in his weight class after taking a match by fall over Edward Ruth of Iron Eagle Wrestling Club. Overall, seven Crimson freshmen made their collegiate debuts, and 17 wrestlers in total represented Harvard at the tournament. “Our freshmen are great—they’re really open to learning and coaching,” O’Connor said...

Author: By Tony D. Qian, CRIMSON STAFF WRITER | Title: Wrestling's O'Connor Wins at ESU | 11/19/2007 | See Source »

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