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...very careful in jumping to conclusions," says First American chief economist Mark Fleming. "Just because your house is worth less than your outstanding mortgage doesn't mean you're going to go into foreclosure or anything like that." Even for people awash in debt, homes are still places to live. If prices are given enough time to recover, they might still be a good investment too. (Read "How to Fix the Housing Market...
...Wachusett Mountain Ski Area in Princeton, Mass., has access to some 7 million people who live about an hour away in the Boston; Hartford, Conn.; and Providence, R.I., regions. And skiers are staying local: skier days at Wachusett have risen 4%. "We are drawing the people that make a spontaneous decision to go skiing," says Tom Meyers, the marketing chief at Wachusett...
SANDY M. CAMERON ’09: THE FREE SPIRIT “I really don’t want to do anything other than music,” Sandy M. Cameron ’09 says without hesitation. “I live and think and breathe...
...China is not only America’s largest creditor, but it is also America’s only real global competitor. American demand for Chinese goods has fueled growth in Chinese manufacturing, and Chinese savings, in turn, have enabled America to live beyond her means. Yet this symbiotic economic relationship has, until recently, only made the headlines when it’s a matter of defective toys and toxic foodstuffs. Although at earlier points in our history we woefully mistreated African Americans and Native Americans, we lecture China about its treatment of Tibet and sell arms to what...
...Harvard has identified outsourced custodians as its first superfluous expense. By targeting the lowest-paid, least-valued, and mostly immigrant workers at this university, Harvard sends a clear message that some members of our community are more expendable than the next. Service employees made sacrifices so their families could live better in even the best of economies. They saw no perks or benefits, even when the endowment grew at astronomical rates. Yet they are the first to suffer now that university budgets are in crisis...