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...pain will soon come to Main Street - in Beijing and Brussels as much as in Boise. Economists are already outlining the downward spiral that they predict will follow. Banks will cut back on their lending to households and businesses. Mortgages and car loans will become harder to get. That in turn will stifle consumer spending and crimp investment in companies, leading to production cuts and job losses. Judging by previous crises, it can take about 18 months to two years for a financial squeeze to spread to the rest of the economy, which means that 2009 is shaping...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

Amestoy said he couldn’t predict how Souter—who is a former Lowell House resident and a long-standing member of the House’s Senior Common Room—would vote in the two cases...

Author: By Courtney P Yadoo, CONTRIBUTING WRITER | Title: Students Briefed for Day in Court | 10/8/2008 | See Source »

...should take part in the autumn-harvesting battle," in the hope of a bumper harvest. The crops might give a respite to the food crisis when they become available later this year, but some aid workers and North Korea watchers believe the relief will be only temporary. Early estimates predict this year's harvest will be as much as 30% below average, because of a lack of fertilizers, which means the food shortage in 2009 could well be worse. For the North Koreans, the coming months could provide a sickening feeling...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

...while the bailout bill was voted down in the House on Monday, many of the University’s economists predict it will eventually succeed in some form, whether or not they think it’s a good thing...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Professors’ Opinions Split on Bailout Plan | 9/30/2008 | See Source »

...long felt for their representatives in Washington. The nation's credit crisis on Monday exposed a much deeper and more fundamental problem: a crisis of political credibility that now threatens to harm our nation further, should the markets freeze up and more companies begin to fail, as many experts predict...

Author: /time Magazine | Title: The Bailout Defeat: A Political Credibility Crisis | 9/30/2008 | See Source »

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