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When Acco Brands, an office-supply company that makes products like Swingline staplers, imposed a massive 47% pay cut for six weeks, it established an emergency-loan program for employees who couldn't make ends meet on a shrunken paycheck. "It impacts standard of living," says Truman Bewley, an economist at Yale who has studied the ways companies cut back during recessions. "People don't quickly forget...

Author: /time Magazine | Title: When Companies Opt for Pay Cuts Instead of Layoffs | 4/27/2009 | See Source »

...Patrick Yarns developed a fiber that could double the cut protection and increase the abrasion resistance more than 300%. A minimal increase in production cost resulted in a longer-lasting, more malleable product that saved money over time. Patrick also creates earth-friendly products and operates the EarthSpan recycling program, which uses fibers from finished apparel or fabric and incorporates customers' unwanted textiles and scraps into engineered yarns or products that can then be sold in other markets...

Author: /time Magazine | Title: Spinning a New Strategy | 4/27/2009 | See Source »

...other way is to program TV for the shrinking, but still substantial group of people who don't want TV to change. There remains an audience unwilling to study quantum physics and comparative religion to watch Lost; who do not have a Slingbox stacked on a TiVo on top of an Apple TV; who simply want to turn on a TV set at the end of a long day and watch an uncomplicated damn TV show, in real time, on the hour, the way God intended. (See the 50 best inventions...

Author: /time Magazine | Title: The Mentalist: CBS's Psychic Friend | 4/27/2009 | See Source »

...quarters, there is skepticism about whether a military response is appropriate. These aren't terrorists, one argument goes, because privation, not politics, is the root of the crisis. To listen to this woolly-headed analysis, you would think piracy was the closest thing Somalis had to a workable aid program. "The threat of death," editorializes the Los Angeles Times, "isn't much of a deterrent to hopeless young Somali men who face a choice between potentially making millions on the high seas or starving on shore...

Author: /time Magazine | Title: No Surrender to Somali Pirate Thugs | 4/27/2009 | See Source »

...opportunity to attend a Sunday afternoon panel discussion about “What It’s like to be a Harvard Freshman.” The panel-discussion, anchored by two students along with Katie W. Steele, the Freshman Dean’s Office director for freshman programming, and Sandra Naddaff, the acting director of the freshman seminar program, addressed questions dealing with freshman-faculty interaction, community growth, and the typical life of a Harvard College freshman. “When I was pre-frosh, what blew me away about Harvard was that it seemed to me a like...

Author: By Kristi J. bradford and Brian Mejia, CONTRIBUTING WRITERSS | Title: Accepted Students Flock to Campus | 4/27/2009 | See Source »

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