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...decline; I think U.S. consumer spending is in secular decline due to a shortage of income. The only part of personal income in the United States that's growing is government benefits, whether it's food stamps, welfare or unemployment insurance. But organic income is going down at a record rate, especially wages and salaries. (See how Americans are cutting back...

Author: /time Magazine | Title: Is the Stock Market Rally an Illusion? | 6/2/2009 | See Source »

...response rates offer some indication of the planners’ success, then the class of 1984 has won, breaking a record for having the largest class report with the highest participation rate of about two-thirds. For this reunion, the Reunion Committee is offering price packaging plan different from others at the University, including a weekend only package, in order to make the reunion more affordable...

Author: By Julia S Chen, CRIMSON STAFF WRITER | Title: 1984: First Class | 6/2/2009 | See Source »

...great deal on the new Obama administration’s plate. Last August, we watched—along with much of the world—the spectacular Olympic ceremonies held in Beijing. While we remained concerned about the Chinese government’s human rights record and its occupation of Tibet, we did not find calls for a boycott of the opening or closing ceremonies to be justified. But the celebratory atmosphere of the Olympics was darkened by the South Ossetian conflict between Russia and Georgia, which reminded many observers all over the world of the potentially pernicious consequences...

Author: By The Crimson Staff | Title: Challenges and Opportunities | 6/2/2009 | See Source »

...Procedures The GOP has been successful in gumming up the works of the Senate in recent years, forcing Reid to file for cloture a record 97 times last session - well over the previous record of 76 - and another 18 times since the beginning of this year. Even the most basic pieces of legislation - like the U.S. Tourism Promotion Act, which enjoyed 47 bipartisan co-sponsors and broad support - have failed to pass cloture votes, which require 60 votes. At the very least, the Democrats' theoretical 60-vote majority could help de-gum some of the Senate's cogs so legislation...

Author: /time Magazine | Title: How Will Al Franken Make a Difference in the Senate? | 6/1/2009 | See Source »

...real interest in rejoining the organization. Cuban President Raúl Castro and his brother, former President Fidel Castro, insist they won't accept any conditions. "We do not wish to be part of" the OAS, Fidel wrote this month, calling its criticism of Cuba's human-rights record "pure garbage." What the OAS should decide in San Pedro Sula, he added, "is to expel the U.S. and start from scratch with a new organization that will defend the interests of Latin America and the Caribbean." It's most likely a disingenuous stance - it's hard to imagine Cuba...

Author: /time Magazine | Title: Inside the OAS's Cuba Conundrum | 6/1/2009 | See Source »

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