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...hurdles ahead in 2011 and 2012: "Nearly two-thirds of the states already project a budget gap in FY 2011. Of the remaining states, many note that it is simply too early to know if a gap will occur, although several indicated that one is likely. The size of these projected gaps raise warning sirens-loud ones. Several states will need to close double-digit budget gaps yet again...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...cooking is bad. Okay, not a surprise. Note to self: Wasabi does not solve all culinary adventures...

Author: By Vidya B. Viswanathan | Title: Sometimes I Stare, Sometimes I’m Stared At | 7/23/2009 | See Source »

...other sobering note in Goldman's bullish report today is the clearly stated anxiety over next year's economy. "Although our current economic outlook is for below-trend growth through 2010, the risk of a 'double-dip' recession remains significant," the report notes. That said, Goldman Sachs raised its year-end price target for the stock market 13%, sending a strong message to institutional investors to not sit on their hands, even in the face of major uncertainties. Among the stock groups Goldman favors: energy, basic materials, financials and technology...

Author: /time Magazine | Title: Why Goldman Sachs Is Bullish, Sort Of | 7/20/2009 | See Source »

...spokesman Steve Bradt said that the administration did not issue any broad community-wide communications or e-mailed announcements in this instance because "the three changes posted this week are unlikely to impact most members of our community." He said it was important to note that "we need to balance our obligation to notify the community of reductions in services against the risk that our notifications may be ignored if too frequent...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: FAS Trims Summer Student Services | 7/17/2009 | See Source »

...Much of that investment growth came from the brute force of the government, which is directing bank loans to state-owned companies, which in turn have been building everything from high-speed rail networks to new highways and bridges across China. But economists were quick to note that other sectors of the economy besides construction now seem to be joining the party. In particular, property investment rose by nearly 18% in the quarter, well above what many economists had expected...

Author: /time Magazine | Title: China's Economic Recovery Gathers Steam | 7/16/2009 | See Source »

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