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...trying to stem the financial crisis. President George W. Bush started the current bonanza in February by approving a $152 billion economic stimulus package. When other bailouts, including the recently passed $700 billion financial rescue plan, are counted, Washington is set to shell out some $1.5 trillion in the near term. Projections for the next fiscal year's deficit start at roughly $550 billion and go as high as $1 trillion, depending on the government's current obligations, expected further spending measures and falling tax revenues related to the slowing economy...

Author: /time Magazine | Title: Spend, Baby, Spend: US Budget Deficit to Soar Again | 10/20/2008 | See Source »

...outspending McCain by a 3-to-1 margin there is certainly another hurdle, as is the reality that new Democratic voters have outregistered Republicans in Florida this year by more than 2-to-1. "The closest McCain campaign office is 12 miles from me while Obama has two near my house," says Sharon Longobarde, 61, an antiques dealer at a rally for McCain in Miami on Friday...

Author: /time Magazine | Title: What's Got McCain Down in Florida | 10/20/2008 | See Source »

...Among the harbingers of the changing mood: Nakheel, the developer of Dubai's proposed kilometer-high skyscraper near Jebel Ali airport, recently announced that it is reassessing its overall staffing needs in line with "predictions of a downturn in the global economy." Boardrooms and coffee shops alike are buzzing with talk about the coming fall. The Cairo-based investment bank EFG-Hermes recently predicted that Dubai property values could tumble as much as 20% in the next three years. Share prices of Emaar, a public Dubai company that has become one of the biggest real estate developers in the world...

Author: /time Magazine | Title: How Wall Street's Bust Threatens Dubai's Boom | 10/19/2008 | See Source »

...best scoring opportunities came in the first half. On a penalty corner 10 minutes into the game, freshman back Georgia McGillivray ripped a shot that was blocked by Big Red goaltender Melanie Jue. Freshman midfielder Carly Dickson swooped in for the rebound but sent it just wide of the near post. Roughly 10 minutes later, the Crimson had another opportunity. Sophomore midfielder Chloe Keating drove into the circle from the right hand side of the goal and passed the ball to Romanelli. The senior took a shot from close range that was blocked by Jue, but the ball trickled away...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: Harvard Winning Streak Halted at Four | 10/19/2008 | See Source »

...finished three seconds after. The first place entry from rival Yale finished well ahead of its other competitors with a time of 16:27:02. Harvard had two entries in the lightweight eight event yesterday, and the Crimson found itself at the top of the standings as well as near the bottom. The first entry under junior coxswain Dexter Louie placed third (15:00:128) among the 21 other competitors. Lightweight captain Jeff Overington credited Louie’s performance as a coxswain with the team’s overall success.“He basically just kept reminding...

Author: By Kevin T. Chen, CONTRIBUTING WRITER | Title: Heavy Four Highlights Regatta | 10/19/2008 | See Source »

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