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...long. Though Europe is not in outright deflation yet, the pressures across the continent are all trending downward. Even in China, the world's largest developing nation, officials acknowledge that the risk of inflation - their main concern at the time of the Beijing Olympics in August - is gone. At a high-powered international financial conference in Beijing over the weekend, a senior People's Bank of China official acknowledged to TIME that "if anything, we now need to fight against falling demand and possibly even falling prices." (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...weekly leading index from a secret sauce of indicators. Its latest was released Friday and showed the sharpest decline in the history of the data series, which goes back to 1949. "We have plenty of gloom," says ECRI managing director Lakshman Achuthan. "But having said that, we haven't gone into doom...

Author: /time Magazine | Title: Looking Ahead: A Bad Recession or Something Worse? | 11/21/2008 | See Source »

Environmental activist William E. McKibben ’82 implored Harvard affiliates this week to recognize the imminent dangers of climate change and push for an international cap on carbon emissions.“In this past year, this has gone from ‘This is a big problem’ to ‘This is a big freaking emergency,’” McKibben said at one of a series of campus talks. “Climate change is happening on a way faster and a much larger scale than we thought it would...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Activist Pushes Caps on Carbon | 11/21/2008 | See Source »

...play or two gone the other way for Penn this season, the Quakers may very well have gritted out their first Ivy title since...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: Football Picks for Last Ivy Weekend | 11/20/2008 | See Source »

What's the longest you've gone without surfing? I've gone like 5 weeks before, without being injured. Maybe 35 days? I like to step away from it sometimes, but if there's been good surf and I miss something then I get agitated. If friends are calling me going, "Oh, you missed this," then I get irritated. It starts to eat away at me and I have to get out there...

Author: /time Magazine | Title: Surfer Kelly Slater | 11/20/2008 | See Source »

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