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...season. A new pair would have cost some $200, and a splurge was not an option for the mother of two. "Last year, I might have gone out and started looking around," says Thorsen, 46. "Now we are being a lot more careful with where our dollars are being spent. To go out and purchase a new pair of boots was not in my realm." (See the 25 people to blame for the financial crisis...
...country, cobblers, tailors, car mechanics and bike, vacuum, watch and television repairers are reporting strong revenues during the recession. Jim McFarland, a third-generation shoe repairman, who owns McFarland's Shoe Repair in Lakeland, has fought many anxiety bouts in his 23 years running the shop. "I've spent nights pacing my floor at 2, 3 in the morning, wondering, How am I going to get through this?" says McFarland, who teethed on leather as a baby. "Now I sleep the whole night through," he says. "I've never seen it like this - it's wonderful." (See which businesses...
...Amgen (AMGN) is still growing rapidly unlike most Big Pharma companies. Its biotech business is producing novel medical treatments that have kept Amgen's sales solid while old line drug companies have been shrinking. In the fourth quarter, Amgen spent $770 million on R&D and needs to do so to both further refine and develop new drugs. The firm is not cutting back on the essentials for keeping its product mix strong simply because the economy is weak. Amgen expects to bring in $15 billion in revenue this year, about flat with 2008. Amgen has several products in trials...
...findings by Senator Frank Church's committee, drawn from testimony spanning 800 witnesses and thousands of pages of government documents, revealed how powerful government surveillance tools were misused against the American people. For instance, the FBI's COINTELPRO operation spent more than two decades searching in vain for communist influence in the NAACP and infiltrated domestic groups that, for example, advocated for women's rights. The Church committee's work led to creation of the Senate Select Committee on Intelligence and later to the Foreign Intelligence Surveillance Act--reforms that largely held until the Bush years. (See George W. Bush...
...several internships sponsored by the Institute of Politics and the Center for European Studies are now only available to students with passports from the European Union, Australia, Canada, Japan, or New Zealand. The visa troubles have already impacted students’ summer plans. Anna Raginskaya ’11 spent last summer as an intern at Sotheby’s Auction House in London. At the end of her internship, she was offered an unpaid position for the following summer, an opportunity she had to decline recently due to work permit complications. “It was a really painful...