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...Canada's central bank also slashed its overnight rate three quarters of a percentage point, to 1.5%, the lowest level since 1958 when John Diefenbaker was prime minister. The move is intended, in part, to prop up sinking consumer confidence and provide some much-need relief for key sectors such as forestry, mining and oil that have been particularly hard hit in recent months by a commodity bust. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Canada Faces Recession — and a Political Crisis Too | 12/15/2008 | See Source »

...dunk, and a three, as well as finding freshman guard Oliver McNally for another three. But for the game, Lin shot just 4-of-10 from the field, including 2-of-6 from long range, and had five turnovers against four assists. He finished with 13 points, his second-lowest total of the season after an 11-point performance Nov. 22 at Colorado. After the Lin-led run, Harvard would remain within striking distance for the next four minutes, closing the gap to eight at 62-54 following another three from McNally with 3:47 to go. From there, however...

Author: By Walter E. Howell and Ted Kirby, CRIMSON STAFF WRITERSS | Title: Nation’s Capital Unfriendly to Crimson | 12/14/2008 | See Source »

...then, on Nov. 25, stormed the capital's airport. Tourists and investors are fleeing the country, the stock market is tanking. The famous Thai smile is fading fast. A Bangkok pollster calculated that the nation's "Gross Domestic Happiness Index" measured a mere 4.84 out of 10, the lowest for almost three years. Cheer up, Peter Reid? He's probably the only happy man left in Thailand...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

...most ambitious reform efforts is Michelle Rhee’s revamping of the Washington, D.C., public-school system, widely regarded as one of the worst in the nation. The Economist reports that if the district were a state, its test scores would be the lowest in the country. Rhee has taken aggressive steps to change this. Her proposal would increase baseline teacher salaries from around $40,000 to $78,000 a year, and high-performing teachers who were willing to forgo tenure would receive a salary of up to $130,000. A combination of improved efficiency and private donors would...

Author: By Claire G. Bulger | Title: Old School | 12/11/2008 | See Source »

...Burns:The toll here is 96,000 children under 20 each year - or 263 per day. Infants are at the greatest risk, and kids between 10 and 14 are at the lowest. The rate rises again for kids 15 to 19, perhaps because of greater access to fireworks, gasoline and cooking materials. Once again, poorer countries are hit harder, with a rate 11 times higher than that of higher-income countries. In wealthier parts of the world, it's smoke inhalation, not the flames themselves, that causes the most deaths. For reasons not entirely clear, burns are the only type...

Author: /time Magazine | Title: How to Save 829,000 Kids a Year | 12/10/2008 | See Source »

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