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...capital followed by a sharp drop in the stock market and property values, it is now being compared to what many economists believe began in the US two years ago. They fear, probably with good reason, that GDP growth will simply stay in a narrow band of extremely modest growth or no growth at all and the lack of consumer and business spending and demand for exports will cause deflation...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

MotorMouths.com went live in January. Tayman figures he has worked about 10 hours a week on it and hasn't spent a cent on marketing or advertising. Growth is modest but steady: nearly 10,000 people visit each week, he says, all of whom get there by word of mouth and via a software "bot" that lets users of Twitter, the popular micromessaging service, request reviews. (See the top 10 celebrity Twitter feeds...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

...MODEST MOUSE to release Heath Ledger--directed video...

Author: /time Magazine | Title: Pop Chart | 4/7/2009 | See Source »

...starting with Drew Faust,” he said. Director of Higher Education at the Service Employees International Union Wayne M. Langley suggested that Harvard follow the example set by similarly-affected universities like BU and MIT. He said these universities have acted responsibly in postponing layoffs and offering modest increases in salary to low-wage workers while cutting wages for the highest paid workers. “The bottom line is that Harvard is a non-profit subsidized by taxpayers and we expect a higher level of responsibility from them,” Langley said...

Author: By Danella H. Debel, CRIMSON STAFF WRITER | Title: City Officials Decry Harvard Staff Cuts | 4/7/2009 | See Source »

Princeton may have needed to increase endowment spending as a result of its decision not to compensate for its losses by raising tuition more than usual. Although Princeton, like Harvard, has increased its tuition, the 2.9 percent hike is Princeton’s smallest in 43 years. The modest increase is intended to provide relief for families who have been hard hit by the economic downturn, according to Princeton’s Provost Christopher L. Eisgruber...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Princeton Forecasts Endowment Drop | 4/7/2009 | See Source »

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