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...economy is not nearly as dependent on trade as Japan's. Nonetheless, the contraction of world trade is hitting the U.S. too. This is a global recession - the World Bank has forecast that the global economy will shrink this year for the first time since 1945 - and it needs global solutions. When world leaders meet in London in April, they will be trying to coordinate a tide that lifts all boats...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

When you're eight months pregnant, it's hard to find a good interview suit. But a burgeoning belly didn't stop Nicole Young, 33, from hitting the job circuit this fall. Her husband, who works on the floor of the New York Stock Exchange, has seen his income shrink along with the Dow. And the consulting projects she has been doing from their home on Long Island in New York are not bringing in enough money to make up the difference. So Young, who left her full-time marketing job in 2005 when she was pregnant with their first...

Author: /time Magazine | Title: Hard Times Send 'Economoms' Back to the Job Market | 3/12/2009 | See Source »

RANDOM ASIDE: One Endowment that Will Never Shrink (The University of Chuck Norris...

Author: By Bonnie J. Kavoussi | Title: Around the Ivies | 3/12/2009 | See Source »

...blind basis. “We thought it was crucial to assure students who were already here that their fellowships would be absolutely guaranteed,” Brandt said, adding that GSAS guarantees every doctoral student a 5-year financial support package. In addition, although GSAS plans to effectively shrink its admission pool, Brandt said that current and prospective Ph.D. students in all programs would enjoy a slight stipend increase to ensure that they are able to maintain their fellowships. —Staff writer Marianna N. Tishchenko can be reached at mtishch@fas.harvard.edu...

Author: By Marianna N Tishchenko, CRIMSON STAFF WRITER | Title: GSAS Will Not Cut Program Funding | 3/12/2009 | See Source »

...fourth quarter. The Russians are so short of cash, they are signing a lopsided 20-year deal for oil sales to China in exchange for a $25 billion loan. Iceland is bankrupt. The World Bank predicted on March 8 that in 2009 the global economy will shrink for the first time since the 1940s...

Author: /time Magazine | Title: The Trouble with Obama's New Deal | 3/12/2009 | See Source »

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