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...President-elect Barack Obama met with America's governors earlier this week, he got an earful about the recession-induced budget crisis they face. On Thursday those words of woe were backed up by a fresh report on the rapidly deteriorating condition of state finances. Revenues are dropping so fast that state budget cutters can't keep up, according to a report released by the National Conference of State Legislatures (NCSL). States that collectively cut $40 billion in spending to balance their budgets over the summer are now facing an additional $32 billion shortfall as tax receipts come in below...

Author: /time Magazine | Title: States' Financial Outlook: Getting Worse Fast | 12/5/2008 | See Source »

...would produce an additional 500,000 home sales in the next year. "We need to do this because the economy will not stabilize until home prices stabilize," says Yun. "The way to do that is to get buyers back in the market." (Read States' Financial Outlook: Getting Worse Fast...

Author: /time Magazine | Title: Treasury's Plan for Mortgage Rates Could Be Costly | 12/5/2008 | See Source »

...wouldn’t be so noticeable if the movie weren’t so self-aware. Just as “Moulin Rouge” was a musical about musicals, “Australia” starts out as a sort of meta-epic, with tons of fast shots, wacky henchmen in bar fights, and an overly precious voice-over from Nullah. The opening moves fast and humorously; Luhrmann knows he is crafting an epic and wants the audience to know it too. As Lady Ashley herself comments, “It’s all very Outback adventure...

Author: By Samuel E. Chalsen, CONTRIBUTING WRITER | Title: Australia | 12/5/2008 | See Source »

...Crimson’s sharp-shooting and its high-pace transition offense. Harvard finished the game shooting 57 percent from the floor, and its 81 points were a season-high.The Crimson pushed the tempo throughout, scoring 28 points off the Wildcats’ turnovers, and 14 on the fast break.“We do run very well,” coach Kathy Delaney-Smith said. “We have some great athletes and we like to spread the floor. We got shooters to run wide and open the floor for Emma Markley up the middle?...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Harvard Women Roll Over New Hampshire | 12/4/2008 | See Source »

...that happened,” he said. “We ignored it and thought it was a drug deal gone foul.”Singh and his friend thought the firing was normal gang or street violence, but when they heard a second firing, they got away as fast as they could. “We didn’t look towards the cafe, we rolled and ran, and got the hell out of there,” he said.Singh and his friend darted into the club they had initially planned to visit, and didn’t comprehend...

Author: By Laura G. Mirviss, CONTRIBUTING WRITER | Title: Undergraduate Witnesses Mumbai Attacks | 12/4/2008 | See Source »

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