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...Thursday, the government reported that German exports, the main driver of the country's economy, plunged 10.6% in November from the month before, the largest monthly decline since 1969. Joerg Kraemer, a Commerzbank economist, says the data support a bleak outlook on the overall economy. "We continue to expect German GDP to decline between 2% and 3% this year," says Kraemer...

Author: /time Magazine | Title: Merkel Moves to Heat Up German Economy | 1/8/2009 | See Source »

...state and municipal elections takes place in Hesse. According to polls, Merkel's CDU has a good chance of beating the SPD. It was against this political backdrop that Merkel this week dropped her vehement opposition to cutting taxes, under pressure from allies within her conservative alliance. "The people expect tax relief," said Bavarian Premier Horst Seehofer, who has fought Merkel for weeks to push through tax cuts. "It's not about winners and losers, but doing the right thing...

Author: /time Magazine | Title: Merkel Moves to Heat Up German Economy | 1/8/2009 | See Source »

...People expect to feel much more emotion than they actually do. We are good at rationalizing responses," says Jack Dovidio, a Yale psychologist and co-author of the study. "If there are certain costs - we don't want to get involved, maybe because we aren't quite as committed to equality as we thought we were - then we go through a series of rationalizations: 'Maybe it wasn't that bad.' That's the danger - that we explain everything away. It justifies our behavior...

Author: /time Magazine | Title: Study: Racist Attitudes Are Still Ingrained | 1/8/2009 | See Source »

...find $2 billion in savings. In 2008 the agency cut 50 million work hours and phased out many of its 23,000 automated stamp vending machines, which have become expensive to repair and update. Clearly, the savings weren't enough. And 2009 doesn't look much better. "We expect the new fiscal year to be another difficult one for the Postal Service and the entire mailing industry," Postmaster General John Potter told the Postal Service Board of Governors at their meeting in November. Officials anticipate a further mail volume decrease of 8 billion pieces in 2009 - almost matching...

Author: /time Magazine | Title: For the Post Office: Snow, Rain and Now Gloom of Recession | 1/7/2009 | See Source »

...Program in Criminal Justice Policy and Management at Harvard Kennedy School received $768,739 from JEHT in 2005 for a three-year project aimed at invigorating state and local enforcement of human rights standards. “The grant was fully paid some time ago, so we do not expect any impact on our work from the Madoff scandal,” Kennedy School professor Christopher E. Stone ’78, faculty chair of the program, said in an e-mail. The College’s Office of Sponsored Programs also received $263,418 from JEHT in fiscal year...

Author: By Weiqi Zhang, CRIMSON STAFF WRITER | Title: Grant Foundation Hit in Madoff Scheme | 1/7/2009 | See Source »

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