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...living through a turning point at which the East overtakes the West, unless something drastic occurs,” Ferguson said. “China will have a larger GDP in 2027 than America...

Author: By Gautam S. Kumar and Julia L Ryan, CRIMSON STAFF WRITERS | Title: Harvard Professors Discuss Financial Crisis | 2/12/2010 | See Source »

...just as quickly as the injury bug bit the Crimson, it can bite the Big Red or the Tigers. How vulnerable would Cornell be without Jeff Foote anchoring the paint? What would Princeton look like without Doug Davis running the point...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: Hoop Dreams Hinge on Help | 2/12/2010 | See Source »

...next. According to prosecutors, Roland and Wilhelm tied James up with Scotch tape, locked him in a box and bundled him into the trunk of their car, before driving 300 miles (about 485 km) to Roland's house near the lakeside resort of Chiemsee in southern Germany. At one point during the trip, James tried to escape at a rest stop, but Roland and Wilhelm forced him back into the car, breaking two of his ribs. When they arrived at the house, the defendants' wives, Sieglinde K, 79, and Iris F, 64, and another man, Gerhard F, 67, were waiting...

Author: /time Magazine | Title: Germany's Kidnapping Trial: Revenge of the Pensioners | 2/11/2010 | See Source »

...According to prosecutors, the retirees - dubbed the Pensioner Gang by the German media - interrogated James and even threatened at one point to kill him if he didn't find a way to return their money. (There was allegedly a gun in the house.) After four days, the pensioners forced James to send a fax to his bank in Switzerland to transfer funds to their accounts. And that was their undoing. The frightened consultant wrote, "Sell 100 Call.pol.ICE" on the fax, and a bank employee alerted authorities in Germany. An armed police squad stormed the house and freed James...

Author: /time Magazine | Title: Germany's Kidnapping Trial: Revenge of the Pensioners | 2/11/2010 | See Source »

...years after the euro's birth. European leaders are keenly aware that the crisis is not restricted to Greece. If the nation were allowed to default on its debts, the bug could spread to other highly indebted euro-zone economies, like those of Spain and Portugal. At that point, economists have said, the euro itself could be endangered. But the E.U. sent a message on Thursday that it was not about to let that happen. Now it's banking on the hope that its public show of solidarity will restore a sense of confidence in the currency. Boring...

Author: /time Magazine | Title: E.U. Comes to Greece's Rescue, with Strings | 2/11/2010 | See Source »

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