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...that we're in a "rolling recession," as Kurt Karl, chief U.S. economist at insurer Swiss Re, said in a note to clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment and dividends and hunkering down," he wrote...

Author: /time Magazine | Title: Unemployment Rise Shows Recession Far from Over | 4/3/2009 | See Source »

...idea of petitioning Harvard to extend funding beyond the current five-year period, depending on whether the program is “responding well [to] local needs.” —Staff writer Vidya B. Viswanathan can be reached at viswanat@fas.harvard.edu. —Staff writer Peter F. Zhu can be reached at pzhu@fas.harvard.edu...

Author: By Vidya B. Viswanathan and Peter F. Zhu, CRIMSON STAFF WRITERS | Title: $500K To Refurbish Allston Community | 4/3/2009 | See Source »

...were conscious and paying at least some passing attention to popular culture in 2006 or 2007, chances are you remember the infectious whistled hook and pitter-patter bongos of Peter Bjorn and John’s “Young Folks.” Its innate cuteness won enough hearts to pass into mainstream consciousness and catapult the Swedish trio to relative renown. Its sheer ubiquity was perhaps best revealed when Kanye West remixed it on his mixtape “Can’t Tell Me Nothing.” PB&J followed up the success...

Author: By Spencer Burke, CONTRIBUTING WRITER | Title: Peter Bjorn & John | 4/2/2009 | See Source »

...Bone: A Journey Among the World's Holy Dead By Peter Manseau Henry Holt & Company; 241 pages...

Author: /time Magazine | Title: Rag and Bone: In Search of the Holy Dead | 4/2/2009 | See Source »

...Gist: "This is a book about dismembered toes," Georgetown professor Peter Manseau writes by way of introduction. "But it is not a book about death." From Damascus to Jerusalem to Philadelphia (oddly, one of the relic capitals of the world), Manseau recounts his journey to find religious objects that have captivated the faithful for centuries and his encounters with modern pilgrims along the way. This includes a French mortician who analyzes the charred remains of Joan of Arc; a Sri Lankan tour guide who makes his living at the Temple of the Holy Tooth; a Syrian boy whose playground includes...

Author: /time Magazine | Title: Rag and Bone: In Search of the Holy Dead | 4/2/2009 | See Source »

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