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...there are differences. American cities are typified by much greater urban sprawl than that seen in Europe. "If you take population loss and job losses, the American cities have gone through very dramatic shrinkage and vastly greater suburban expansion," says Anne Power, professor of social policy at the LSE, and one of the guide's authors. With public funding for redevelopment is often less available in the U.S., "the result," says Katz, is "weaker city cores [and] the rise of an exit ramp economy. We need a 180-degree turn in federal and state policies...

Author: /time Magazine | Title: How Struggling Cities Can Reinvent Themselves | 12/10/2008 | See Source »

...October, Congress passed a law that said banks who held Fannie Mae and Freddie Mac preferred shares, which were essentially rendered worthless when the government took over the two large mortgage guarantors, can count the loss on that investment as a regular business loss, not an investment loss. The Federal Government has estimated the change will save banks as much as $3 billion in tax payments this year. Improved Tax Break on Foreign Operations...

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

...Harvard would not get within single digits again until late in the second half. Three-pointers from Dini and Hinton kept the lead hovering close to 20 points late in the opening half. After the Crimson surrendered 20 offensive rebounds in Saturday’s loss at Providence, turnovers were the latest eye-popping stat to hand victory to an opponent. Harvard turned the ball over 22 times last night, 11 in each half. “We were trying too hard,” Rollins said. “We knew we need to pick up the energy...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Crimson Sunk Across City | 12/9/2008 | See Source »

Harvard’s endowment—the largest in higher education—fell 22 percent in four months from its June 30 value of $36.9 billion, trumping the previous record loss of 12.4 percent in 1974, according to a letter from University President Drew G. Faust last week...

Author: By Christian B. Flow and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: FAS Freezes All Faculty Salaries, Cuts Searches | 12/9/2008 | See Source »

...agencies, and for the Iraqi government and businesses. As Iraq seeks to attract more foreign investment and expertise, private security firms may be engaged more frequently to escort well-heeled clients in a country rich in resources and business opportunities, but rife with security threats. Given the loss of legal immunity, however, the risks of operating in Iraq have also increased for private security firms, potentially driving up insurance costs and making it more difficult, or more expensive, to attract Western employees. "We're taking a wait and see approach," said Peter. So is everyone else...

Author: /time Magazine | Title: Iraqis Welcome Blackwater Indictments | 12/9/2008 | See Source »

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