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...Philadelphia area, couldn't believe how quickly and ferociously the recession hit his business. Demand for office furniture had surged to new highs in 2008, causing him to frantically add staff to meet furniture orders and allowing him to wrap up the year with revenue surpassing the $24 million mark - the highest level since his company's launch in 1989. But all of that came to an abrupt halt in January 2009 when the recession forced companies to postpone or cancel office expansions and renovations, causing demand for Brennan's office furniture to dry up. (See the best business deals...
...adapt, Brennan cut staff to 30 employees from 60, and is bracing for 2009 revenue to fall to $10 million from $24 million...
...earned the U.S. a D last year, when the March of Dimes began compiling its report card. The objective, set by federal health experts in the Healthy People 2010 program, is a preterm birth rate of 7.6%. Worldwide, the preterm birth rate is estimated at 9.6%, accounting for 12.9 million babies per year. "Preterm birth remains a very intractable problem," says Dr. Jennifer Howse, president of the March of Dimes Foundation. "It does not surprise me that we are not seeing any change [in the U.S.] - yet." (See how to prevent illness...
...next UC administration will face one major issue: budget cuts. As the Faculty of Arts and Sciences prepares to cut another $110 million from its budget for the next two years, Harvard students need a passionate and dedicated representative to make sure that the entire Harvard community has a say in Harvard’s future, and we need a UC that can continue to improve student life without relying on increased funding from the administration...
...Another China skeptic is Pivot Capital Management, investment manager of the $505 million Pivot Global Value Fund. In an August report, it makes the startling claim that China is not 45% urbanized as the World Bank and other international agencies estimate. That figure could be "understated as much as 20%," says Pivot, "meaning that instead of about 350 million people, only 100 million actually would need to be urbanized...