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...economics department, who also helped develop the methodology behind the index a decade ago. “But we’re probably going to see continuing declines in Massachusetts for at least several more months.” In contrast to the figures for Massachusetts, the Commerce Department reported Wednesday that gross domestic product in the U.S. shrank at a rate of 6.1 percent in the first quarter, a figure worse than what economists had anticipated. Economists and local officials said they were not surprised that the economy of Massachusetts is contracting at a slower rate than the nation?...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Massachusetts Economy Continues To Slide | 5/1/2009 | See Source »

...noticed that, despite all the negative news, Harvard students appear to be taking the economic downturn in stride. Students report feeling resilient and optimistic about the new ways the economy will grow after working through this downturn. They recognize that it will be their generation that forges the new path and generates the innovative ideas necessary for a 21st-century infrastructure to develop. “We are Harvard students,” they say—well educated and positioned to be flexible and open to new ventures. In the past, Harvard students often felt risk-adverse and selected...

Author: By Gregg Rosenblum and Ocs Staff | Title: Our Perspective | 5/1/2009 | See Source »

...than 37 kg of beef and veal. In 2007, the entire kangaroo industry, which includes pet-food and hide sales, was valued at about $30 million, compared to over $1.4 billion for Australia's sheep business. "I'm sure those producing kangaroo got a bounce out of [Garnaut's report], if you'll pardon the pun," says Brett Heffernan, a spokesman for the National Farmers' Federation. "But it's not likely to take over traditional cattle and lamb and everything else. There's still a long way to go for the industry to solidify itself." Animal-rights groups oppose kangaroo...

Author: /time Magazine | Title: Kangaroo: It's What's For Dinner | 4/30/2009 | See Source »

...Merrill Lynch Global Private Equity--was doomed from the moment it was signed in 2007. Less than two months later, global equity markets began to wobble, and credit got scarce. BCE's value sank from the take-out price of 34.62 a share to 16.85 on an auditor's report that debt from the proposed LBO would render the company insolvent. (Shares of BCE, with annual revenues of $14.3 billion, have since recovered to about 20 on the NYSE...

Author: /time Magazine | Title: Nortel's Nadir | 4/30/2009 | See Source »

...their applications into the mailbox, Anderson’s work begins. Physical and electronic versions of applications arrive in the basement of 86 Brattle Street, where Anderson leads a team of students and staff who organize the piles of paper.The incoming documents—including the applications, secondary school reports, and teacher recommendations—then get scanned, a process that began this year as an electronic back-up system. “It’s really a security device to make sure we have an electronic record of the applications in case the building burns down...

Author: By Huma N. Shah, CONTRIBUTING WRITER | Title: Don't Touch That File | 4/30/2009 | See Source »

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