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...Take the unemployment rate: the adverse scenario of the stress test is based on an average unemployment rate of 10.3% for 2009. However, at the current pace unemployment is more likely to hit the 11% mark. On a quarterly basis, the rate of unemployment is already well beyond the levels assumed by the adverse scenario for the end of the first quarter of 2009. Similar considerations apply to U.S. real GDP and home prices. (Read about the top 10 bankruptcies...
...poll—sponsored by the Harvard Republican Club—reflects the opinions of roughly a quarter of Harvard’s undergraduate population, and cuts across all bands of the political spectrum: 54 percent of respondent self-reported as Democrats, while 19 percent identified as Republicans and 27 percent as independents...
...stores now sell these drinks, and this week McDonald's will roll out a national advertising campaign trumpeting the McCafé section of its menu. The timing of the rollout just happens to coincide with the struggles of Starbucks, whose earnings sank 77% this past quarter, mainly because of charges related to store closures and falling real estate values. McDonald's will gladly kick a double-soy-latte-drinking competitor while it's down. "This is shock and awe," says Steve West, restaurant analyst at Stifel Nicolaus. (See nine kid foods to avoid...
...Over a quarter (26%) of Daily Pennsylvanian readers...
News of the latest incident came not long after NATO announced a significant reduction in conflict-related civilians deaths over the first quarter of this year versus the same period in 2007. Gen. Richard Blanchette, the coaltion spokesman, said this was a function of stricter protocols. Since last summer, he explained, the decision-making process down the chain of command has been "reviewed numerous times" to minimize risk to civilians, resulting in more operations cancelled. "But," he pointed out, "you never hear news reports of an airstrike not taking place...