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...company reported a net loss of $7 million in the third quarter of 2008, compared with earnings of $117 million in the same period in 2007. Still, the company insists that its liquidity remains intact. "We ended the third quarter with $395 million in cash and cash equivalents," says Office Depot spokesman Brian Levine. "While the fourth quarter is not yet closed, we believe that we did not burn cash. It is our intent that we will maintain our liquidity throughout 2009, even under our most conservative projections of the economic environment...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

...single most direct option is for the government to pay a portion of the salary of each net new employee a company hires. For the recently unemployed, this could be a boon for earlier reemployment. If a company could use new people for expansion but cannot afford them, having 50% of their first year's salary paid by the federal government gives it the opportunity to grow.. This proposal would allow firms which have let people go to save money, even at the peril of the viability of their businesses, the chance to bring them back...

Author: /time Magazine | Title: Creating Jobs Trumps Building Bridges | 1/27/2009 | See Source »

...offensive explosion with a goal of its own, freshman forward Ryan Grimshaw tallied his first collegiate goal at 15:04 in the third period, giving Harvard the lead again. The rookie received the puck from junior defenseman Chad Morin before slipping it into the back of the net...

Author: By Lucy D. Chen, CRIMSON STAFF WRITER | Title: Harvard Comeback Effort Ends in Tie with Big Green | 1/27/2009 | See Source »

...like household cooking and slash-and-burn agriculture. The researchers confirmed that the layer of haze - which many have blamed for the world's increasingly extreme weather patterns - makes rain both more rare during the dry season and more intense during monsoons. And in South Asia, the cloud's net effect on climate change, says the study, rivals that of carbon dioxide...

Author: /time Magazine | Title: Study Gets Inside the World's "Brown Cloud" | 1/23/2009 | See Source »

...security net covering Barack Obama's Inauguration will comprise more than 20,000 law-enforcement officers focusing on a 3½ sq. mi. secure zone that includes the White House, the Capitol and the National Mall. There will be metal detectors, 155 two-person FBI teams dressed in plain clothes, 5,000 surveillance cameras, eyes in the sky and a 40-ft. bomb truck for dealing with suspicious items - in other words, the works...

Author: /time Magazine | Title: Security at the Inauguration: Preparing for Anything | 1/19/2009 | See Source »

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