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...stimulus spending will have run out, is that the economy will continue to grow but at a rate slower than past recoveries. A recent poll of economists by the newsletter Blue Chip Economic Indicators found that on average, economists expect the economy to expand 2.7% in the fourth quarter of 2010. That's faster than the economy is growing today, but not what you would expect in good times. "The rule is that the deeper the recession, the more robust the rebound," says Blue Chip editor Randy Moore. "But that's not what people are predicting this time. Absent...

Author: /time Magazine | Title: Economic Forecasting: A Foggier View Than Ever | 9/29/2009 | See Source »

Dartmouth seems to be right on pace with Harvard. They just started school because of their quarter system, but they diagnosed 47 new cases of influenza-like illness last week, only three fewer than Harvard. And if swine flu has advanced to the backwoods of Hanover, New Hampshire, all we at FlyBy can do is cross our fingers and use Harvard’s hand sanitizers...

Author: By Danielle J. Kolin | Title: Don't Catch the Swine Flu | 9/29/2009 | See Source »

...cold night in November 2008, the cheers of almost a quarter of a million people echoed around Grant Park, Chicago. For some, Barack Obama’s election heralded a turning point in America’s history, while for others the election of this 47-year-old man marked the ascendancy of Generation X. Looking back on that historic day, two things stand out: First, I have never seen so much passion and fervor surrounding an election. Second, despite this enthusiasm, voter turnout remained woefully low. In fact, only around a third of Americans actually voted Obama...

Author: By Jaykar R. Panchmatia, CRIMSON STAFF WRITER | Title: The People’s Vote | 9/29/2009 | See Source »

...recent state-directed deluge of bank lending has resulted in a recovery in GDP growth but the money is not filtering down to the SME sector. Loans are going mainly to politically connected state-owned enterprises, which now comprise just 40% of the economy and create only a quarter of jobs. It's an entrenched situation that dates back to the days of economic central planning, and something that China's communist rulers do not seem to have the political gumption - or indeed the desire - to change. (Watch a video about China?s knockoff electric carmakers...

Author: /time Magazine | Title: Why China's Nasdaq Is No GEM | 9/28/2009 | See Source »

...banking system reverts to doing what it should do, haven't the citizens won? If you give me $700 billion per year, hey I have some good ideas. I can make some money with that, for me and for you. I'm going to have my best quarter if you gave me that money. I wonder how many people in the inner cities would love a little bailout money to get out the hole they are in and have one of their best years ever. This wasn't a gift; it was a theft. They stole the people's money...

Author: /time Magazine | Title: Q&A: Why Michael Moore Hates Capitalism | 9/26/2009 | See Source »

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