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...past, departments have offered food at faculty gatherings—coffee and pastries at breakfast meetings and catered sandwiches at lunch. With the entire university charged with the task of tightening its belt by FAS Dean Michael D. Smith, nearly every department has had to scale back...
...weather the global slowdown at the moment rests in the huge currency reserves it earned in recent years selling oil as prices soared. Iraq has roughly $30 billion in surpluses from previous years. That has allowed the country to maintain minimum standards of services and governance despite depression-scale unemployment (no reliable data are available, but some experts estimate unemployment may be over 20%). Iraq's GDP is growing steadily despite the global financial crisis. Last year, GDP grew in Iraq an estimated 7% to 9%. This year, GDP is projected to rise 5% to 7%. (See pictures of life...
...only specifics offered about the fund, so far, are speculative. In two parts, the Treasury’s plan describes first the “public-private financing component,” which could “leverage private capital on an initial scale of up to $500 billion, with the potential to expand up to $1 trillion.” Second, the plan proclaims that “private sector buyers [can] determine the price for current troubled and previously illiquid assets.” Why should private investment funds supply this capital? And why would private firms...
...advantages of listing carbon footprints, however, will only apply if the idea is applied on a large scale. PepsiCo should be applauded for its first efforts, but, in order to give meaning to the numbers, other companies must follow its lead. For example, PepsiCo’s investigations revealed that one half-gallon carton of orange juice costs the equivalent of 3.75 pounds of carbon dioxide. To most people who don’t spend their lives in laboratories, this number signifies absolutely nothing—yes, it is the result of growing oranges, running a factory, and transporting...
...Harvard Square eateries, Valentine’s Day indicated that love is blind—even to recessions. Every restaurant contacted reported dining rooms booked solid with celebrating couples ordering as if the housing crisis had never happened. And managers and owners said diners did not scale back, ordering prix fixe menus as well as tipping generously. Valentine’s Day’s weekend placement may also have contributed to the crowds, as Saturday nights tend to be busy for restaurants. While business on the lover’s holiday seems not to have slumped, the local restaurant...