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When times are tough, the old business adage goes, it's important not to look desperate. And, what with declining readership, loss of ad revenue and an increasingly crowded field of competitors, things are deeply grim for newspapers. Which only made the Washington Post's new revenue-generating idea even more mystifying. The wording on an invitation it sent out, as first reported on Politico, offers business executives "an off-the-record dinner and discussion at the home of CEO and Publisher Katharine Weymouth." That is, if the invitees pony up between $25,000 (to sponsor one dinner...
...continuing to look for ways to curb drunk driving, MADD is emphasizing its negative economic impact. MADD estimates that drunk driving now accounts for 18% of the nation's auto-insurance bill and 20% of all emergency-room costs that are never reimbursed, as well as 16% of all probation costs and 6% of all jail cells used...
...spread jumped all the way up to 180 basis points last fall, according to data-tracker HSH Associates - but has since settled down to about 100. Still, that's a big added expense. Plus, consider that for houses worth more than $1.5 million or so, banks are likely to look for a down payment in the 30% range. (See 10 things to buy during the recession...
...Because the Law School's share of endowment payout for fiscal years 2010 and 2011 may fall by as much as $19 million from this past year's payout, administrators have come to view layoffs as a "painful" but necessary cost-cutting measure taken only after an "exhaustive look at all other possibilities," Jackson wrote. Staff attrition and redeployment, along with the University's voluntary early retirement incentive program, already helped to achieve most of the necessary downsizing...
...country isn’t quite certain if it is the globe’s museum or a world power. Walking through the streets of Rome, you see a mélange of ancient ruins, renaissance churches, and fascistic structures. Even the people are old. “Look,” it all seems to say, “once we were powerful; once it was great to be Italian.” Now, residents of the eternal city hardly seem to know what it means to be citizens of their country. The Tangentopoli corruption scandal...