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Frightening financial headlines quickly overwhelmed what little good economic news there was, such as an unexpected rise in U.S. personal income. A quick look revealed that it was largely driven by transfer payments, such as Social Security inflation adjustments and an extension of unemployment benefits, not the kind of capitalist fuel needed to power a real economic recovery...
...time by Janney, Rob Lynch and David Lynch in fourth, fifth and seventh, respectively. “Our team came together really well and we did an excellent job,” McKellar said. “It was a good end to a really great season and we look forward to supporting the rest of the group as they go to Ivies next weekend.” The other half of the Crimson’s ranks will represent its teammates and its school this coming weekend as it heads down to Princeton, N.J., to try and claim revenge...
...improvements for the entire track and field program, excitement continues to build for the Crimson. The team will compete at ECACs and IC4As next weekend in an effort to send select athletes to indoor nationals. As Harvard gears up for the outdoor team season, though, it will continue to look to its strong seniors and rapidly developing youth for a balanced and successful formula...
...less than one-fifth of the Defense Department’s total budget of more than $515 billion. Since President Obama has made cutting the massive federal deficit a major priority of his administration, a modest reduction in defense spending is an attractive and intelligent choice. In particular, we look forward to seeing Carter take on several pressing challenges from the defense industry, which has become alarmingly powerful through its indirect control over procurement policy. The Bush administration’s tenure in office was marked by the rapid proliferation of no-bid contracts between the Pentagon and numerous defense...
...Crimson (13-13, 5-7 Ivy) to come up with a stop against the defiant Big Red (19-9, 9-3). Cornell junior Ryan Wittman shot the ball with less than ten seconds to play, but Harvard junior Jeremy Lin made it hard for him to get a good look. The ball bounced off the rim and headed towards the stands when Wittman recovered the rebound, calling for a controversial time out as he fell out of bounds. “We didn’t want to do anything that was going to bail them...