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...trade group was shocked to see the results of a similar survey they ran three weeks later, between Sept. 26 and 29. Thity-seven percent of companies said that as a result of reduced access to short-term credit, they had cut capital spending during the previous month. Twenty-six percent had frozen or reduced hiring, and 22% had considered layoffs. Ten percent had reduced inventory, and 7% had contemplated closing stores or factories. Workers and customers of the world, those are effects you'll feel...

Author: /time Magazine | Title: The Credit Crunch Comes to Main Street | 10/3/2008 | See Source »

...paychecks for 400,000 small businesses, dips into its clients' bank accounts to pay their employees. There has been a slight uptick in the number of times there haven't been ready funds, but at this point, that pattern isn't any different from what ADP has observed in previous economic slowdowns...

Author: /time Magazine | Title: The Credit Crunch Comes to Main Street | 10/3/2008 | See Source »

...fielding teams. While the team has plenty of enthusiasm, they’re just getting to know each other—they met as a team for the first time Wednesday night, when they sat down to watch a couple of episodes and plan out a strategy. Their only previous connection to each other had been through a mutual friend, Jon T. Staff V ’10. Staff had originally planned to compete himself, and sent out an e-mail hoping to find some teammates to join him. But he is studying abroad in Amsterdam and was not able...

Author: By Emma R. Carron, CONTRIBUTING WRITER | Title: Harvard Students Ready To Lock Horns on Family Feud | 10/3/2008 | See Source »

...discussion, which opened up later to questions, focused more on policy than the two previous forums at Harvard Business School and at Sanders Theater...

Author: By Gordon Y. Liao, CONTRIBUTING WRITER | Title: IOP Panel Debates Economic Turmoil | 10/3/2008 | See Source »

Almost immediately after her arrest Friday, rumors began to circulate in Milwaukee that Griffin had been shot and paralyzed by the police. An e-mail message calling for justice, sent from freeaprilgriffin@yahoo.com, made the rounds. But some of Griffin's previous supporters expressed only sadness. "I had been organizing to get April to have folks help her straighten things out as well as helping to keep her son with her family," supporter Laura Manriquez told TIME. "Things did not work out when she and her family became distant and decided to not follow through with me." Griffin's former attorney...

Author: /time Magazine | Title: Sad End to Milwaukee Child-Custody Case | 10/2/2008 | See Source »

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