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There is a connection between the education level of workers and the economic downturn’s effect on their employment status, according to Christopher L. Foote, visiting economics lecturer...

Author: By Tyler G. Hale, CONTRIBUTING WRITER | Title: Harvard Profs Reflect on ‘New Poor’ | 2/23/2010 | See Source »

...Bollywood, has fueled the hairstyling market. "In Delhi, people will just come to my salon asking for a cut that suits them," he says. "In Aligarh, they'll come asking to look like [Bollywood superstar] Shah Rukh Khan." The approach chimes with the findings of The Dhoni Effect, a 2008 report from consultants Ernst & Young. Named after Indian cricket captain Mahendra Singh Dhoni, a small-town boy made great, the report found that India's provincial consumers were increasing in importance, thanks to growing aspirations and incomes. "Earlier, it was just Bombay and Delhi, but since 2004 we've been...

Author: /time Magazine | Title: In India, A Salon A Cut Above the Rest | 2/22/2010 | See Source »

...presence, so I don’t foresee it being as much of a problem there,” Gray said. “Harvard owns a great many commercial properties, but I don’t think this problem is going to have much of an effect on Harvard’s holdings because they are long-term and not heavily leveraged...

Author: By Katherine M. Savarese, CONTRIBUTING WRITER | Title: Congressional Oversight Panel Predicts Real Estate Loan Failures | 2/22/2010 | See Source »

...only does high unemployment severely hurt our country’s future, but it also hinders our ability to recover from the current crisis due to its effect on the national psyche. As renowned behavioral economist Robert Shiller clearly articulated in a recent New York Times article, for a country to truly recover from an economic crisis, workers must be personally invested in the country’s economy, confident enough to take out loans, and willing to take risks to fuel growth. Right now, the entire country is frozen in economic fear, paralyzed by the shattering depth...

Author: By Ravi N. Mulani | Title: Spending Now for a Better Future | 2/22/2010 | See Source »

...credit card's interest rate be jacked up, out of the blue, for no apparent reason? You're not alone, and a new law hopes to cut down on such unsavory practices. The Credit Card Accountability, Responsibility and Disclosure Act, signed by President Obama in May 2009, went into effect last fall. Many of the provisions, however, are finally taking hold on Monday, Feb. 22. This latest step in a three-part rollout will continue the Obama Administration's quest to eliminate predatory lending by banks and make the overall process of using and paying off credit cards much more...

Author: /time Magazine | Title: How Will the Credit Card Act Affect Me? | 2/22/2010 | See Source »

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