Word: recentering
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...large companies have released their first quarter earnings and the critical economic figures for March and April are out. A growing number of economists say that the consumer will begin to conquer his panic by year's end and GDP will revive as if nothing had happened. The most recent poll from the Blue Chip Economic Indicators newsletter shows that many analysts expect GDP to recover as early as the third quarter but since that the measure was down 6% the last two quarters, such a swift recovery would be like building the Great Pyramid by hand in six months...
...down your pencil yet. The Obama Administration also has agreed to support GM and Chrysler's warranties as part of its bailout plans. The two companies have trimmed warranty expenses in recent years, but based on financial information from both automakers the potential federal liability required to back up Obama's pledge could ultimately run into the billions of dollars...
...moral arguments against both cap-and-trade schemes are ubiquitous. A recent denunciation comes from Father Paul Mayer, co-founder of the Climate Crisis Coalition. Last month, he suggested that any continued pollution of the atmosphere is a sin: How can evil emitters be given the option of buying the right to sin from other groups—most likely struggling developing countries who bear little to no blame for the problem? Images of 16th-century Catholic indulgence policies come to mind...
...While “Harvard is Rich: No Layoffs,” might seem an unconvincing oversimplification, efforts to force the administration to recognize layoffs as ruinous events in individual lives rather than mere statistics have a place in this debate. That those individuals may be recent immigrants with limited education makes it more urgent. A publicly traded company has a fiduciary duty to its shareholders—by law, it must care only about their good; a nonprofit organization has made a commitment to be run for the general social good. As such, the meaning of this goal...
...process, but the thoughts of students, faculty, and staff have a place in making a case to administrators to look beyond a narrow view of the school’s objective. It seemed that the budget-cutting process would be closed to students, and it is heartening that two recent administration-student forums constitute an improvement in transparency compared to last month’s invitation-only town hall. This improvement is due in part to student activism at that event...