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...likelihood that President George W. Bush--or the financial markets--will take corrective action? And could America's twin deficits ultimately destabilize not just the U.S. but the entire global economy? The U.S.'s soaring budget deficit is expected to exceed $400 billion this year (not including the forecast $100 billion--plus costs of military operations in Iraq and Afghanistan), and its record $617.7 billion trade deficit means that U.S. imports of goods, services and money exceed exports in an amount equal to about 6% of the total U.S. economy...

Author: /time Magazine | Title: On the Brink of Trouble? | 2/22/2005 | See Source »

...overcoming similar setbacks to attain that yet to be played for post-season success. Harvard is, after all, one of just a smattering of programs to qualify for the NCAA tournament each of the past three seasons, despite successive letdowns in the Beanpot each year that might have forecast a different fate...

Author: By Timothy J. Mcginn, CRIMSON STAFF WRITER | Title: End of Beanpot, Not of Season | 2/10/2005 | See Source »

There could be rain in the forecast on Titan--huge torrents of it, swelling rivers and filling seas. But nothing's likely to grow on the surface of that distant moon of Saturn. The temperature averages a brisk -290 degrees F, and the rain is not water but liquid methane. Those are just some of the findings of the remarkable Huygens spacecraft, which landed on Titan two weeks ago. The probe took seven years to fly to the Saturnian system and lived, as planned, for only 70 min. on Titan's plains. But the data it radioed home...

Author: /time Magazine | Title: Postcards From Titan | 1/24/2005 | See Source »

Management gurus have forecast the end of organizational hierarchies for decades. In an era of cascading technology and shifting social attitudes, they say, firms will turn into "communities," "horizontal structures" and other egalitarian forms. Nice buzzwords, but not reality, says Stanford Business School professor Harold J. Leavitt in Top Down: Why Hierarchies Are Here to Stay and How to Manage Them More Effectively. Sure, Leavitt writes, hierarchies breed "infantilizing dependency that generates distrust, conflict, toadying, territoriality, backstabbing, distorted communication and most of the other ailments that plague every large organization." But they persist because compared with the alternatives, they...

Author: /time Magazine | Title: Executive Summary: Rank Rules! | 1/23/2005 | See Source »

...rich countries continue with business as usual, responding generously to the current disaster but failing to address the dire underlying situation of the world's poor, the world will repeatedly confront the tragic arithmetic of life and death. This is not merely a sound forecast based on the likelihood of future earthquakes, droughts, floods, landslides and epidemic diseases. It also reflects the grim fact that life-and-death disasters of the poor are with us every...

Author: /time Magazine | Title: The Class System of Catastrophe | 1/2/2005 | See Source »

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