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...Last week, New York City said that it would have to cut thousands of municipal workers to keep the city from going bust. "We cannot continue," NYC mayor Michael Bloomberg told reporters. "Our pension costs and health care costs for our employees are going to bankrupt this city," he said...

Author: /time Magazine | Title: Rising Risks in Muni Bonds Worry Investors | 4/13/2009 | See Source »

...unemployment could rise to its highest level since 1949, the year the People's Republic was founded. But if President Hu Jintao feels the heat, he isn't letting anyone see him sweat. Despite the massive challenges Beijing faces, the Chinese leadership seems to regard 2009 much as Michael Corleone viewed the day of his godson's baptism in The Godfather - this year, China settles all business...

Author: /time Magazine | Title: How China Is Capitalizing on the Economic Crisis | 4/13/2009 | See Source »

...Cambridge campus, residents have come to question the University’s commitment to developing the neighborhood, saying they feel jilted by Harvard’s change of focus. “The Science Complex is a promise that was broken to us,” said State Representative Michael J. Moran, whose constituency includes Allston, Brighton, and Brookline. But the sharp turn of events, precipitated by an unprecedented economic downturn that has wreaked havoc on University finances, has also served to rally diverse community interests around a common cause. “Where I think everyone has really come...

Author: By Vidya B. Viswanathan and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Allston Community Deals with Development | 4/13/2009 | See Source »

...said.An overpowering sweep of the doubles set the tone for the Crimson. At No. 2, the partnership of sophomore Aba Omodele-Lucien and senior Sasha Ermakov won resoundingly against Justen Roth and Phil Law (8-2), followed by a point-clinching win for the No. 3 pairing of junior Michael Hayes and freshman Alistair Felton (8-1). Gloss was duly applied at No. 1; sophomore Alexei Chijoff-Evans and co-captain Chris Clayton fought back against the Quaker’s Hicham Laalej and Adam Schwartz to win 8-7 (7-5).Harvard continued to dominate in the singles...

Author: By Allen J. Padua, CRIMSON STAFF WRITER | Title: Ivy Title Chances Dashed in Weekend Split | 4/12/2009 | See Source »

...wants to give the late-night crowd a social experience they can't get at fast-food drive-throughs, which are now staying open later and eating away at the chain's graveyard-shift revenues. "The party is not going to stop once you get through those doors," says Michael Polydoroff, director of sales, promotions and licensing at Denny...

Author: /time Magazine | Title: Denny's: Where the Food Is Free and Drunks Can Pee | 4/11/2009 | See Source »

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