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...much, but when levels get too high and financing them just isn't possible anymore, the entire thing will come falling down," says Eric Grémont, co-founder of the Paris-based Politico-Economic Observatory of Capitalistic Structures. To avoid this, he and Touati both say that states must freeze their spending at current levels to speed up a return to economic growth. But when that happens, they add, governments must also start slashing budgets, reducing expensive state services and cutting jobs - all the things that tend to weigh economies down in good times. Why? Because they...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

...story remains largely the same: the world is waiting on the U.S. Signals from the Administration suggest they may be waiting a while, though, at least when it comes to a hard carbon cap. Although Obama called for comprehensive climate and energy legislation in his recent State of the Union address, there was one term he did not use: carbon cap. And in its proposed budget for fiscal year 2011, released on Monday, the White House did not name a specific dollar figure for revenue it expects from cap and trade. Last year's budget projected $79 billion in revenue...

Author: /time Magazine | Title: Climate Accord Suggests a Global Will, if Not a Way | 2/2/2010 | See Source »

Donald E. Heller, director of the Center for the Study of Higher Education at Pennsylvania State University, said he noticed that American universities in general—such as MIT, Yale, and Harvard—seemed to have a larger presence at Davos than usual. He attributed     this phenomenon to an overall shift of attentions toward the international community...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: Davos Conference Attracts Harvard Faculty | 2/2/2010 | See Source »

Founded in 1971, the World Economic Forum hosts several conferences every year, including its flagship event in Davos where business political, and academic leaders are invited to discuss pressing global issues. This year, the conference focused on topics such as health care, climate change, and the state of the world economy...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: Davos Conference Attracts Harvard Faculty | 2/2/2010 | See Source »

...first American to win a World Championship as both a player and a head coach, Leone recently completed her 18th year of coaching experience at both the international and collegiate levels. A three-time national champion athlete at North Carolina, Leone has coached Clemson and Arizona State as well as the U.S. National Team...

Author: By Crimson Sports Staff, CRIMSON STAFF WRITER | Title: SPORTS BRIEF: Harvard Assistant Coach Leaves to Become Head Coach At Northeastern | 2/2/2010 | See Source »

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