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...collapsed.And as might be expected in a time of economic turmoil, fewer seniors—usually looking for their first full-time jobs—were able to find work this year than in the recent past.In this year’s Crimson survey of over 500 seniors, 59 percent of those seeking employment said that they currently have a job lined up, a drop from 66 percent in 2008 and 73 percent in 2007.The economic slump will also impact the support Harvard provides to undergraduates—OCS, the Advising Programs Office, and the Bureau of Study Counsel...
Finally, it is not just the balance between males and females, or young and old, that is changing, but also the balance between rich and poor. Income inequality is reaching historic heights throughout the world. The top 1 percent of the people in the world receive 57 percent of the income. Income inequality in the US is presently at its highest recorded levels, exceeding even the Roaring Twenties. And while economic development in China has proceeded with astonishing rapidity, income is not evenly distributed; the prospects for conflict in that country as a result seem very high in the coming...
...assault, Gaza’s already compromised conditions have become virtually unlivable. Livelihoods, homes, and public infrastructure have been damaged or destroyed on a scale that even the Israel Defense Forces admitted was indefensible. In Gaza today, there is no private sector to speak of and no industry. 80 percent of Gaza’s agricultural crops were destroyed and Israel continues to snipe at farmers attempting to plant and tend fields near the well-fenced and patrolled border. Most productive activity has been extinguished...
...their families—is its burgeoning tunnel economy that emerged long ago in response to the siege. Thousands of Palestinians are now employed digging tunnels into Egypt—around 1,000 tunnels are reported to exist although not all are operational. According to local economists, 90 percent of economic activity in Gaza—once considered a lower middle-income economy (along with the West Bank)—is presently devoted to smuggling...
...Today, 96 percent of Gaza’s population of 1.4 million is dependent on humanitarian aid for basic needs. According to the World Food Programme, the Gaza Strip requires a minimum of 400 trucks of food every day just to meet the basic nutritional needs of the population. Yet, despite a 22 March decision by the Israeli cabinet to lift all restrictions on foodstuffs entering Gaza, only 653 trucks of food and other supplies were allowed entry during the week of May 10, at best meeting 23 percent of required need...