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...ordinarily leveraged [i.e., more than 100% invested], they are now less than 100% invested, in some cases less than 50% invested. So everyone is maximum defensive, which is basically good news because if the fundamentals turn, there's plenty of cash to get the market going. On the other hand, the news is still bad and investors have been burned. The market was down 37% last year; it's down more than 20% this year. People feel they are in a situation that is fundamentally different from anything that they have experienced in their lifetimes. The transcendental worry is that...

Author: /time Magazine | Title: Prognosticator Byron Wein: The Outlook for '09, Take 2 | 3/9/2009 | See Source »

...federal research grants has resulted in another $5 to $8 million in revenue shortfall for the hospital. Levy said that because researchers are stretching their grants into the first quarter of next year, the hospital has not received its indirect payments as quickly, resulting in less revenue on hand. “That just shows you how things you would never anticipate—dozens of researchers all of the sudden being more prudent—affect the bottom line of the hospital,” Levy said. He said that this loss might be counteracted by an increase...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Beth Israel To Consider Staff Layoffs | 3/9/2009 | See Source »

...from certain.With the outcome of the contest in the balance, No. 5 Manghan needed to break Rutherford at 6-5 to avoid a third set tiebreaker and clinch the match. Through an array of groundstrokes and volleys, the freshman forced a match point before Rutherford fired long to hand Manghan and the Crimson the win.“Every time you play a match you have to be ready for it to be ugly, and today was one of those days,” said Clayton. “At a certain point in the match, it could have gone...

Author: By Allen J. Padua, CRIMSON STAFF WRITER | Title: Crimson Downs Golden Eagles | 3/9/2009 | See Source »

...disheartening...But I was really proud of everybody, and they didn’t play like it meant less, because a victory is a victory.”The Highlanders also seemed to take the match seriously, yelling raucously after every point won. But Harvard enjoyed the upper hand, relying on Weintraub’s crisp passing and the team’s solid outside hitting to close out the four-set victory with a 25-30, 30-18 split.Senior co-captain Brady Weissbourd led the attack with a dominant all-around performance, posting a match-high 27 kills?...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Notches First Undefeated Weekend | 3/9/2009 | See Source »

...funding of medical research involving the destruction of human embryos (“Stem Cells to get Federal Funding” news story, March 9). The judgment by the author that the previous arrangements imposed “onerous restrictions” on research seemed to dismiss out of hand the moral good which the now lapsed rules sought to promote. The article did not mention a second executive order, which is intended to unfetter science from restriction by any narrow political ideology. These two acts are intimately linked. What then is the “ideology” which...

Author: By Alan C O'connor | Title: Morals of Stem-Cell Research | 3/9/2009 | See Source »

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