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...move reassured doubtful green activists. Concern for the environment is traditionally the first thing thrown overboard when economic seas get rough. That's what appeared to have happened in June, when the Lieberman-Warner Climate Security Act, the first national bill mandating greenhouse-gas emissions caps to receive a full vote in the Senate, went down in defeat, in part because critics exploited fears that the bill would raise already record-high energy prices...

Author: /time Magazine | Title: Despite the Economy, Obama Vows to Press Green Agenda | 11/19/2008 | See Source »

...globalization than the partnership that Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum (a pioneering figure in the conservative, Muslim Arabian Peninsula) has established with Kerzner - a famously hard-working, hard-partying casino mogul who is Jewish. Starting more than a decade ago, their affiliation has matured into a full-fledged business relationship that seeks opportunities far beyond Dubai. In 2006, Istithmar, another of the "Dubai Inc." companies owned by Sheikh Mohammed's government, took a major stake in Kerzner International, which owns and operates luxury hotels from Mexico to the Maldives, principally under the One & Only brand. "[Kerzner] fits...

Author: /time Magazine | Title: Grand Ambition in Dubai | 11/19/2008 | See Source »

Faculty of Arts and Sciences Dean Michael D. Smith gave professors their first full briefing on the implications of the current financial crisis yesterday, highlighting the need for cutbacks but leaving some confusion regarding what specific savings measures will be employed by the University...

Author: By Maxwell L. Child and Christian B. Flow, CRIMSON STAFF WRITERS | Title: Faculty Discusses Financial Future | 11/19/2008 | See Source »

Speaking at an unusually crowded meeting of the full Faculty, Smith used a slide with a picture of three buckets to illustrate departments’ need to prioritize their budgetary desires. Two small buckets represented programs that would suffer little, or even not at all, from the financial situation. The largest bucket by far—comically magnified in the foreground of the screen—represented those areas that would need significant cuts...

Author: By Maxwell L. Child and Christian B. Flow, CRIMSON STAFF WRITERS | Title: Faculty Discusses Financial Future | 11/19/2008 | See Source »

...takes office. In that respect, the stalemate is a bit reminiscent of the economic crisis Franklin D. Roosevelt faced in 1932 as President-elect, says Brookings Institution historian Stephen Hess. While Roosevelt could have done more to step in, he chose to wait to take office and exercise his full power - making a clean break and effectively laying all the blame on the previous Administration of Herbert Hoover. As Jonathan Alter writes in his book The Defining Moment: FDR's Hundred Days and the Triumph of Hope, "Roosevelt wanted to make sure that the people remembered that it was Republicans...

Author: /time Magazine | Title: Why the Dems' Drive to Aid Detroit Is Stalling Out | 11/18/2008 | See Source »

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