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Consumer spending by America's large middle class is an important indicator of economic recovery. GDP numbers from last quarter and opinions from the Federal Open Market Committee may not be as accurate an indicator of the health of the middle class economy as are the results of Starbucks last quarter...

Author: /time Magazine | Title: Starbucks and the Resurrection of the Middle Class | 4/30/2009 | See Source »

...free agent market. The Giants have since added Columbia’s Steve Cargile to backup Kenny Phillips at safety.Ryan Fitzpatrick ’05 was somewhat of a one-hit wonder. In his debut with the Rams, Fitzpatrick came in after Jamie Martin got injured in the second quarter and took the Rams from a 24-3 halftime deficit to a 33-27 win in overtime while throwing for 310 yards and three touchdowns.Since, Fitzpatrick has been serving primarily in a backup role with the Rams, then the Bengals, and now the Bills. Accuracy has been his Achilles?...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: DIX' SPORTING GOODS: From the Ancient Eight to the NFL | 4/29/2009 | See Source »

...time when credit in China is rapidly expanding -loans in the first quarter totaled $670 billion, almost equaling total lending for all of 2008- the risk of bad loans is increasing. With small and medium-sized private firms collapsing with disturbing frequency, SOEs offer Chinese banks a margin of safety: an implicit guarantee that the government will ultimately make good on their loans. This is making it harder for China's banks to adopt modern risk-management practices and diversify their traditional customer base, which is largely SOEs. "It's difficult to go on a massive spending binge...

Author: /time Magazine | Title: Why China's State-owned Companies Are Making a Comeback | 4/29/2009 | See Source »

After less than two years - albeit two very splashy, highly commented upon years - Portfolio magazine is closing. Since its revenues for the first quarter of this year were almost 61% lower than they were for the same period last year, the news is not that surprising. But it's still a spectacular flameout for a title that started with such fanfare - and a reported $100 million slush fund - a mere 21 issues ago. Where did all the money...

Author: /time Magazine | Title: Portfolio's Flameout, or How to Burn Money Fast | 4/28/2009 | See Source »

...easier course for me would have been to stay in Washington until the Senate seat comes open," Davis says. But, he says, the governor's seat carries considerably more influence on issues he is most interested in. Furthermore, this governor's race is the first in nearly a quarter-century that lacks an incumbent. "An open seat, by definition, means voters are going to vote in a prospective way. That kind of election" Davis adds, "is a good...

Author: /time Magazine | Title: Can Alabama Spark a Democratic Revival in the South? | 4/28/2009 | See Source »

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