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...Australia, the wake-up call can no longer be ignored. Since 2002, the world's dryest inhabited continent has been in the grip of the worst drought in its recorded history. In Melbourne, you're no longer allowed to fill your swimming pool, and in bone-dry Brisbane, residents aren't allowed any external water use without a permit. But the real pain has been borne in the Murray-Darling River Basin in southern Australia, the heart of the country's $30 billion agricultural economy. Even in good times, Murray-Darling receives as little as 10 in. of rain...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

...statue to be erected on the Adhamiya side of the river but paid for by Kadhamiya residents. The Sunni insurgents who once shot at people on the other side have formed an Awakening Council to keep the peace in Adhamiya. On the corniche in Kadhamiya, youngsters shoot pool on a couple of open-air tables. Iraqi police and army units have flushed out the Mahdi Army...

Author: /time Magazine | Title: Five Reasons for Hope in Iraq | 11/29/2008 | See Source »

Despite these assurances, Smith repeated his request from last Tuesday’s Faculty meeting and asked departments to reevaluate any open search if “the priority of the search changes or the quality of the applicant pool is not truly extraordinary...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: FAS Institutes Hiring Freeze | 11/26/2008 | See Source »

...What is Citi getting? Specifically, the government will back a $306 billion pool of troubled loans and securities largely related to the foundering residential and commercial real estate markets. After Citi absorbs the first $29 billion in losses on these securities, the government - first the Treasury Department and then the Federal Deposit Insurance Corporation (FDIC) - will step in and bear 90% of any further losses. In return, the government gets up to $7 billion in preferred Citi stock and the right to buy more shares at $10.61 - not a bargain these days, with Citi trading in the single digits...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

Friday afternoon saw two Ivy League powers, Harvard (3-0, 3-0 Ivy) and Columbia (2-1, 2-1), compete at Blodgett Pool in what appeared would be a dangerous meet for the Crimson’s women’s swimming and diving team. Battling through injuries and a stomach virus, Harvard exceeded expectations and decisively finished off the Lions in commanding fashion with a 190-110 victory, winning 10 out of the 16 events. “Columbia is a great team,” Crimson coach Stephanie Morawski said. “They put up a really...

Author: By Nico S. Theofanidis, CONTRIBUTING WRITER | Title: Tough Matchup Not a Problem | 11/23/2008 | See Source »

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