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...nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says Sheryl King, senior U.S. economist at Merrill Lynch...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...Given the inevitable impression left when one describes a people primarily in terms of what they lack, we would expect this sort of characterization would be offered only as a last resort—and on the basis of the firmest possible evidence. We have argued that in the present instance, the evidence is anything but firm. Hence our discomfort.” Professor Pinker, on the other hand, sees some merit in Everett’s work “and believe[s] that linguists should take his criticisms of the field seriously,” but he also...

Author: By Joshua J. Kearney, CRIMSON STAFF WRITER | Title: 'Don't Sleep,' There is Much (Linguistic) Debate | 11/21/2008 | See Source »

...apparent at an early age that those will remain dreams. So as the seniors take their final snaps at quarterback and cornerbacks break up their final passes, for most, the nostalgic feeling that tomorrow will be the last time they touch a football in a meaningful game is ever-present. After The Game, they return to the more mundane world of papers, final exams, and job applications. That is, unless you are quarterback Chris Pizzotti and cornerback Andrew Berry, two seniors who are looking to make that childhood dream a reality—to take the plunge for a shot...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: THE GAME '08: Making the Bigs | 11/20/2008 | See Source »

...From there, Reid and Pelosi detailed a series of hoops they expect the automakers to jump through to qualify for bridge loans from Congress. Ford, General Motors and Chrysler must present business plans to the House and Senate Banking Committees no later than Dec. 2. As part of that presentation, they must prove that, in the long run, they are "viable" companies that not only can repay whatever loans they receive but also can demonstrate that they won't need to come back and ask for more money. The two committees will hold hearings to vet the plans...

Author: /time Magazine | Title: Congress Sends Detroit Execs Back — With Homework | 11/20/2008 | See Source »

...groups by choosing numbers at random on the first day of the talks. They have split up in the various government buildings scattered around Macleodganj, where the Dalai Lama makes his home, and will gather on Friday at the Tibetan Children's Village School, where each subgroup will present a report to the summit as a whole. The parliament will later compile those reports and present a set of recommendations...

Author: /time Magazine | Title: The Tibetans: How to Set Up a Democracy in Exile | 11/20/2008 | See Source »

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