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...both the third and fourth quarters of 2008 - the steepest consecutive quarterly declines on record. As incomes shrink and America adopts a more frugal mind-set, some economists do not expect shoppers to return to free-spending ways for years - or perhaps generations. Economist Stephen Roach, chairman of Morgan Stanley Asia, says that "there is good reason to believe the capitulation of the American consumer has only just begun." U.S. consumer spending as a percentage of GDP reached 72% in 2007, well above the pre-bubble norm of 67%. Using that as a gauge, Roach says that only...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

...TRACY MORGAN in fish-tank-fire incident. 30 Rock writes itself...

Author: /time Magazine | Title: Pop Chart | 2/26/2009 | See Source »

...were not his only choices.But in the face of the most disastrous financial downturn since the Great Depression, times have changed, Delle said, and so has his grip on the job market. “Last year I had offers from everywhere, from Merrill Lynch to Bear Stearns to Morgan Stanley, he said. “Half these firms don’t exist anymore—the offer letters I have now are historical documents.” Delle’s plight is hardly unique. This year, hundreds of Harvard students hoping to enter the finance industry...

Author: By Victor W. Yang, CRIMSON STAFF WRITER | Title: Jobs Tough To Find For Future Financiers | 2/23/2009 | See Source »

...Friday - Friday the 13th, no less - that her illness is terminal, she has secured a series of deals that will reportedly swell her sons' inheritance by ?1 million to ?1.5 million ($1.4 million to $2.1 million, roughly). These include a televised interview with America's Got Talent judge Piers Morgan and extensive coverage in OK! magazine of her wedding to her boyfriend Jack Tweed, recently released from prison, where he was serving a term for assault. "It's weird, but it's like a film - I'm happy, but then I'm sad, obviously," Tweed said of his forthcoming nuptials...

Author: /time Magazine | Title: Jade Goody's Reality: A TV Star's Very Public Dying | 2/19/2009 | See Source »

...Widener and Houghton was made to go through one of Widener’s original windows. The odd crossing was eventually torn down for safety reasons.Lamont Library was built in 1946, in the name of Thomas W. Lamont, class of 1892 and then-chairman of the board of J.P. Morgan. The Dana-Palmer House had originally been built on the proposed Lamont lot. The University intended to demolish the house to make way for the new library, but due to alumni outcry and Mr. Lamont’s endless pockets, Harvard instead transplanted the Dana-Palmer House across the street...

Author: By Synne D. Chapman, CRIMSON STAFF WRITER | Title: What You Didn't Know About the Yard | 2/18/2009 | See Source »

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