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Kahn said foundations like the Picower have allowed researchers to pursue innovative ideas as governmental support for scientific research has weakened, something that she said is crucial given the effects of the economic crisis on federal funds. The NIH budget has been flat in recent years, meaning that it has often declined in real terms...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Madoff Scam Hits Harvard Medical School Grants | 12/21/2008 | See Source »

...scaled down. "We've seen 30% to 40% cancellations for New Year's eve in our Goa property," says Anjali M. Chatterjee of Bharat Hotels, who run the Lalit Goa Resort, "Usually there's a spike in bookings for December 23 onwards, but at the moment, things are pretty flat...

Author: /time Magazine | Title: After Mumbai, India's Hotels Brace for a Sharp Downturn | 12/20/2008 | See Source »

...negative impact on the Japanese economy is "not that large." To have the same effect as the postwar peak in 1995, the exchange rate would have to reach 48 yen to the dollar, he says, because the U.S. economy has experienced 40% cumulative inflation while Japan has remained relatively flat. "If we think about the inflation rate differentials, the yen is not that strong right...

Author: /time Magazine | Title: As Yen Strengthens, Japan Cuts Rates | 12/19/2008 | See Source »

...Lowdown: The phenomenon Ritchin explains - the democratization and manipulation of photography via digital cameras and computers - is compelling. It's true that flat photographs in newspapers and magazines used to be the tools with which we viewed the world around us. As each day passes, our view gets richer and more sophisticated thanks to digital technologies. Ritchin, a photography professor at New York University, does not see digitization as demonization; he does not think that the risks of photographic deception made possible by computers outweigh the infinite possibilities new technologies open up. His message is modern. After Photography, however...

Author: /time Magazine | Title: The Future of Photography | 12/18/2008 | See Source »

...disaster, the key is to remain calm and make informed choices. If you're a dork. Disaster is actually a great excuse to do whatever you want. What is a riot if not a chance to grab a free flat screen...

Author: /time Magazine | Title: The Year of Living Stupidly | 12/17/2008 | See Source »

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