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...Whatever world leaders decide, some economists believe that the dollar cannot avoid some deterioration. As other nations and regions gain in wealth and economic influence, the U.S. economy will slowly lose its preeminence and the dollar its stature as the undisputed world currency. Harvard's Frankel foresees that the supremacy of the dollar will erode over the next 15 years or so, with other currencies, like the euro, making inroads and forming a system in which multiple currencies share the world stage. "This is the last major crisis in which the dollar is viewed as a safe haven," Frankel predicts...

Author: /time Magazine | Title: Is the Almighty Dollar Doomed? | 4/6/2009 | See Source »

...Census says that anyone under 65 making below $11.201 is below the poverty line. In 2007, nearly 13% of the population was considered impoverished - over 37 million people. Individuals who lose government support this year and next may effectively have no income...

Author: /time Magazine | Title: When Joblessness Becomes Homelessness | 4/6/2009 | See Source »

...joblessness level reached 8.5% at in March because the number of people pushed out of work last month rose 663,000. Each time another 1.7 million people lose their jobs, the unemployment rate moves up another 1%, so if 2.6 million more Americans are fired, the jobless rate will hit 10%. At the current rate at which the economy is shedding workers the 10% level will be reached by the end of July. The counterargument to picking a date only four months from now is that the rate at which people are losing jobs will decelerate. Of course, there...

Author: /time Magazine | Title: Why the Stimulus and Bailout Hit the Government | 4/6/2009 | See Source »

...Red’s 11th straight victory over Harvard and its fifth straight on the season. “It was a tough game,” Gibbons said. “It’s always tough to lose a one-goal game, but we have to regroup for next week.” —Staff writer Timothy J. Walsh can be reached at twalsh@fas.harvard.edu...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: No. 3 Big Red Sneaks by No. 13 Harvard in Tight Battle | 4/5/2009 | See Source »

...masks slip from their faces, revealing what truly lies at their core. The most gentle characters, like Harper and Belize, turn out to have the greatest strength of mind and character, while characters that are accustomed to controlling the people closest to them, such as Joe and Roy, lose their power throughout the course of the play.In the end, a total catharsis has occurred in the lives of every character. The play is able to speak to all elements of American life, demonstrating that behind the dichotomous ideals of seemingly incongruous elements of contemporary America—homosexuality and religion?...

Author: By Catherine A Morris, CONTRIBUTING WRITER | Title: ‘Perestroika’ Confronts Prejudice and Overturns an Established Social Order | 4/5/2009 | See Source »

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