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...economists ranging from Morgan Stanley's Stephen Roach to White House economic czar Larry Summers had been proclaiming for several years that the percentage had to come down. It has thus far stubbornly refused, with consumer spending hitting 70.7% of GDP - close to a record - in the first quarter of this year. American households have lost too much wealth and the job market is too miserable for that to keep up much longer...

Author: /time Magazine | Title: If Consumers Won't Kick-Start the Economy, What Will? | 5/13/2009 | See Source »

Business investment fell at a staggering 38% annual rate in the first quarter - the worst such performance since the government began keeping quarterly records in 1947. That can't go on forever, and much of the recent talk of green shoots has to do with indications that business spending is at least starting to stabilize. Investment in housing was also down 38%, the sharpest drop since 1980, and there, too, optimists have found early signs of stabilization. It's not unreasonable to think that, sometime in the next few quarters or even months, business and housing will stop dragging...

Author: /time Magazine | Title: If Consumers Won't Kick-Start the Economy, What Will? | 5/13/2009 | See Source »

...student opinion” is “at odds with Faculty opinion” on the ROTC question. This is certainly not the case when the poll in question is sent out online, offers a narrow range of survey choices, and gathers responses from only a quarter of the student body...

Author: By The Crimson Staff | Title: An Unfounded Claim | 5/13/2009 | See Source »

...dynamic and fast growing smaller firms, has been hammered over the past year. The main index of its shares has slumped by 50% since the same time last year, far more than the losses on the FTSE 100, an index of Britain's leading shares. In the opening quarter of 2009, AIM listed just five new firms, raising a meager $4.5 million in the process. In the same period last year, 32 new companies pocketed 100 times that amount. "To all intents and purposes," Richard Thornhill, capital markets director at Deloitte, said in the firm's quarterly analysis...

Author: /time Magazine | Title: London's Small-Stock-Market Blues | 5/12/2009 | See Source »

...that weren't enough, GM predicted in February that bankruptcy, which now looks inevitable after the company's disastrous first quarter, could cost as much as $100 billion...

Author: /time Magazine | Title: Adding Up the Auto Bailout: $80 Billion and Growing | 5/11/2009 | See Source »

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