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...question now is whether Circuit City will go out of business altogether. The New York Stock Exchange halted trading when the stock hit 10 cents a share (vs. about $25 for Best Buy) on Monday. That's down from a peak of $30 in May 2006, and nearly $8 as recently as December 2007. By late afternoon on Nov. 10, a U.S. bankruptcy judge had granted the company permission to borrow up to $1.1 billion, which it will use to buy new inventory and pay workers. That should tide it over through the holidays. But its long-term outlook remains...

Author: /time Magazine | Title: Why Circuit City Busted, While Best Buy Boomed | 11/11/2008 | See Source »

...very agencies that help people with the myriad of issues they face are struggling themselves because funding is reduced, and maybe they even have a spouse or partner who lost their job somewhere else,” Semonoff said. DHS agency directors expressed relief that Question One—the ballot measure that would have eliminated the current 5.3 percent income tax—failed to pass last Tuesday. Income tax accounts for nearly $12 billion in state revenue. According to Reddy, the effect of the repeal if passed, would have been “absolutely devastating...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Human Services Face Budget Cuts | 11/11/2008 | See Source »

...certainly an advocate of network neutrality.” He added that while most people believe “an open Internet is a good thing,” disagreements can arise when it comes to how to put net neutrality into practice. One question is whether Internet service providers can discriminate based on network service needs. For instance, said Palfrey, Harvard’s network might need to limit the flow of some information in order to protect some uses of the network against others. “You could imagine a world in which everyone was trying...

Author: By Melody Y. Hu, CONTRIBUTING WRITER | Title: Obama Strong on Internet Neutrality | 11/11/2008 | See Source »

...climate, and noted that sales—for the most part—have not reflected the dramatic decline in consumer spending nationwide.“I have to say that thanks to the loyalty of our customer base and the real emphasis on buying locally, there is no question that sales are down somewhat, but not the sharp retail decline reported [elsewhere],” said Jeffrey Mayersohn ’73, owner of the Harvard Book Store. “We do one year comparisons on a daily basis, and our sales are down somewhat, but on particular...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Square Businesses Survive Meltdown | 11/11/2008 | See Source »

...between classes—assuming, of course, that someone bothers to create more courses that actually count toward General Education. “Harvard time”—the colloquial name given our unofficial seven-minute lateness-amnesty window—is a venerable institution here. We question, then, why would anyone deign change it? Are students truly so sluggish that seven minutes is an insufficient ambulatory period? We are rarely late to our classes. Perhaps it’s because our bodies are in peak physical condition. Or maybe it’s just because we rarely...

Author: By The Crimson Staff | Title: Times, They Are a-Changin’ | 11/11/2008 | See Source »

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