Word: marchings
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...survey's margin of error. That is, the decline could just be noise. But other news in the report - and evidence from other sources - points to a consumer-spending trend that is at best flat. Retail sales excluding automobiles, a better indicator of the underlying trend, were down 0.5%. March's overall sales decline was revised down to 1.3% from 1.2%. And so on. (See the top 10 financial collapses...
...than it imported was in 1980, and a positive trade balance isn't in the cards anytime soon. But if U.S. consumer spending remains anemic, a rebound overseas could shrink the trade deficit and thus boost the economy. There's just no concrete evidence of that happening yet - the March trade figures, released on Tuesday, showed exports declining faster than imports for the month. Over the somewhat longer term, the big question is whether the global economy can be rebalanced in a way so that the likes of China, Korea, Japan and Germany don't run such big trade surpluses...
Smith said it would have been difficult to plan the cuts earlier, since the Harvard Corporation—the University’s chief governing body—did not announce the eight-percent reduction in the payout rate until March...
...Such outspokenness is highly unusual in a nation where dissent usually lands individuals in detention. One salutary example is Tan Zuoren, a 55-year-old environmentalist and writer who was compiling his own parallel list of dead students. On March 28, he was detained by police in his native city of Chengdu in Sichuan province and hasn't been heard of since. About 20 of Ai's volunteers have faced temporary detention and police harassment as they crisscrossed the quake zone interviewing parents and relatives of the dead, according to Ai, and two have been beaten. The volunteers "are constantly...
Continental Europeans may have been spared the devastation of jihadist suicide bombings since the deadly March 2004 attacks in Madrid, but on Tuesday morning there was another grim reminder that the threat of terrorism is far from over. Italian police in the southern city of Bari announced that they are holding two French nationals whom authorities call "top-level point men" for "al-Qaeda in Europe" and who were allegedly plotting kamikaze strikes in France and the U.K. - including one purportedly targeting the Charles de Gaulle airport. Counter-terrorism authorities in Paris tell TIME, meanwhile, that they believe the pair...