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...year, that's a huge chunk. "We're coming at a point in which growth prospects are really taking a hit," Reinhart says. Growth could also be restrained by the budget cuts necessary to narrow deficits and reduce borrowing. The effect could be felt for a protracted period. Jean-Luc Schneider, a deputy director of the economics department at the OECD in Paris, says some countries will take as many as 10 years to reduce their fiscal deficits to more sustainable levels. And since the deficits of so many nations will have to shrink simultaneously, the impact on developed economies...
...Harvard Foundation named multi-platinum artist Wyclef Jean the 2010 Artist of the Year during its 25th annual Cultural Rhythms show on Saturday...
Passing the buck is one of the oldest and most often used traditions of democracy. At the annual World Economic Forum meeting in Davos, Switzerland last January, admonishment for bankers on one hand and praise for President Obama on the other were abundant. European Central Bank President Jean-Claude Trichet applauded the Obama administration’s intervention in the U.S. banking system and blamed bankers for “generating the biggest financial crisis since the Great Depression...
...Patrick Jean Baptiste ’10, a Crimson editorial writer, is a biochemical sciences concentrator in Cabot House...
...rare address to the people was followed by a prayer from Brutus. It was the sort of blessing the President needs during a time when small protests against the government are sprouting on the streets with chants of "Down with Préval." "If [former President Jean-Bertrand] Aristide were here, he would have listened to her the first time she brought the message. The country would not be in the state that it is now," says Toussaint Makenzine, 29, who sits outside a rainbow-colored dollhouse-like home with two pictures of Aristide, who lives in exile in South...