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...mind game with consumers that is slightly different from what we've seen in the past. Some companies assume that the consumer doesn't have any money. But now they're learning that that's not the case. Consumers still do have money - at least many do - but the reason that they're not spending it is because they're afraid they may lose the money in the future...

Author: /time Magazine | Title: How Shoppers Make Decisions in a Recession | 5/18/2009 | See Source »

...reason: demand is recovering, slightly, for some raw materials. In the case of oil, supplies have been reduced by OPEC cutbacks. And commodities traders are bidding up market prices in general on expectations that supply shortages will return with just a modest improvement in demand. That's because miners, farmers and oil drillers, hit by the credit crunch, can't finance investments that would increase their production capacity. Many won't invest today even if they have access to financing because depressed prices make projects uneconomic. The amount of investment in the oil sector, for example, will likely...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

...Since new oilfields and copper mines take years to get into full production, lower investment today causes tighter supply down the road. At the same time, there is every reason to believe that emerging markets such as China and India will continue to be ever more voracious consumers of iron ore, oil and food as their economies get bigger and their citizens richer. Palm-oil prices, for example, have been rising of late partly because demand from India, with its population of 1 billion, is holding up. In March, China imported a record amount of iron ore and coal, while...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

...cancel Rinere’s brainchild, the wasteful Peer Advising Fellows program. The PAF program enrolls about 190 upperclassmen and pays them $1,000 per year. By contrast, the old prefect program, which accomplished the same goals, cost the College virtually nothing. With Rinere leaving, there is no reason not to go back to the day when the only thing that upperclass mentors earned was the right to eat in Annenberg...

Author: By Paras D. Bhayani | Title: Fire These Administrators | 5/17/2009 | See Source »

...Harvard wants to continue to be a leader in higher education, it must see the financial reorganization as an opportunity to teach students to think critically about making collective sacrifices. We are the reason the College was created, and we deserve to both learn from and contribute to the problem-solving process. This financial crisis is one of the greatest in Harvard’s history, and all voices in the College community must be included in order to preserve Harvard as we know it today and to improve it for the future...

Author: By Andrea R. Flores | Title: We Are Harvard | 5/17/2009 | See Source »

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