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...approximately a quarter of the UC deficit. The rest will come from a 10% increase in tuition, debt refinancing and dramatic budget cuts at individual UC campuses, as testimony to the Board of Regents from the system's chancellors revealed on July 15. At UC Berkeley, according to Chancellor Robert Birgenau, campus libraries will be closed on Saturdays and will no longer stay open 24 hours during final exams (a longtime campus tradition). He said UC Berkeley is "the only university among our competitors whose faculty are taking a furlough," adding that faculty salaries already lag some "$25,000 behind...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...paper in a journal without margins of error around the data - and yet we routinely drop such nuance when we talk about economic variables in public conversation. "One of the things that gets lost is the fact that there are ways of trying to assess errors in forecasts," says Robert Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm Cumberland Advisors. "It's possible to think about these forecasts not as 'GDP is going to be 0.6% this year' but as 'GDP is going to be 0.6% plus or minus...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

...Director Robert Ruggiero keeps his staging within Lerner’s outlines, which set designer Michael Schweikardt fills with color. To this portrait, costume designer Alejo Vietti adds a dab of earth tones. The men stride in fur-lined, verdant coats; the women frolic in pastel, summer dresses. But Vietti achieves his greatest efficacy in his simplest combinations. When Guenevere meets Arthur in a wintry forest, she dons a white cloak, highlighting her long red hair. The contrast accentuates Guenevere’s fiery passion—the reason that men find her irresistible...

Author: By Brian J. Bolduc | Title: One Brief, Shining Moment | 7/17/2009 | See Source »

...issue is not just the safeguards that traders are using to ensure that another crisis of confidence doesn't occur, but whether traders on Wall Street are taking advantage of the public backstop against systemic failure to create personal profits. "We want financial systems to be healthy," says Robert Gibbs, the White House press secretary. But, he adds, "the President continues to have concerns that compensation will be based on risky behavior instead of performance." (Read "Obama Urges Congress Not to Block the Bailout...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

...Nicolae Ceausescu in Romania was totally ignored. I thought that was a very important event from that year. He was a man who had ruled harshly for nearly 25 years and the end of his dictatorship was one of the main turning points for freedom in Eastern Europe. Robert Cobb, Auckland, New Zealand...

Author: /time Magazine | Title: Inbox | 7/16/2009 | See Source »

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