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...February sales were reported, GM owned up to selling 53% fewer cars and trucks than a year ago, while Chrysler admitted that its total fell 44%. Slow sales means slow production, which is where automakers get their revenue, so the results put a real dent in cash flow. At the beginning of the month, GM and Chrysler both had more than five months' supply of unsold cars. (Read about the CEOs behind Detroit's Big Three...

Author: /time Magazine | Title: As Car Sales Collapse, GM and Chrysler Grow Desperate | 3/3/2009 | See Source »

University Provost Steven E. Hyman said that after subtracting funds already pledged for interest payments and other expenditures, the cash flow from the SIF is all but accounted for, with little money, if any, left over for discretionary purposes...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Allston Fund Stretched Thin by Crisis | 3/3/2009 | See Source »

...Humanitarian aid does little to help the U.S.'s medium-term goals in Gaza: curtailing the flow of arms to Hamas and boosting the Palestinian Authority there. And in fact, the lack of progress on those goals undermines the good that the aid itself can achieve. "In order for the humanitarian response to be as effective as possible, you need a solution to smuggling [of weapons into Gaza by Hamas] and you need a solution to divided authority [between Hamas and Fatah]," admits one senior State Department official. But none of the money the U.S. plans to pledge...

Author: /time Magazine | Title: For Obama, Helping Gaza Is Harder Than It Looks | 3/2/2009 | See Source »

...will end up helping people who desperately need it, even if only some of the money goes through. Asked about the President's frustration, Michael Hammer, spokesman for the NSC, said, "The President is indeed concerned about the welfare of the Palestinian people and would like to see assistance flow expeditiously." But the obstacles to bringing help to the long-suffering people of Gaza are just the beginning of the frustrations the new President will face in breaking the Middle East deadlock...

Author: /time Magazine | Title: For Obama, Helping Gaza Is Harder Than It Looks | 3/2/2009 | See Source »

...common experience. Who knew a little banking crisis could make such a stir? Prior to the recent downturn, those in creative businesses—that is, the clothing designers, the restaurateurs and chefs, the advertisers–were certainly conscious of the extent to which the cash flow of the moneyed can affect their lives. Lower Manhattan eateries and boutiques, the large part of which stake their livelihood on the profligate spending of be-bonused Wall Streeters, were sent reeling in the wake of September 11.Consciousness does not, apparently, conflate preparedness. More and more, it appears that these nine...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Economy Collapses, Artists Start Revolution | 2/27/2009 | See Source »

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