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...Analysts also await Google's third quarter earnings announcement on Thursday as an indicator of how the technology company will be able to grapple with the tough economic climate. Ross Sandler, senior internet analyst at RBC Capital Markets, expects Google's revenue to be up 33.5% over the same time last year with a 3% growth rate from second to third quarter, even though its stock price recently sank to the lowest it has been in two years. "Google is down 25% in the last month or so, but ... there is nothing wrong with Google structurally," says Sandler. "Every company...

Author: /time Magazine | Title: Four Reasons the Markets Are Still Troubled | 10/15/2008 | See Source »

Harvard students are known for their habitual lateness, inspired by the “seven-minute rule” for classes, but attendees of the College’s first free movie night last Thursday weren’t following Harvard-time. Nearly 495 students filled the Brattle Theatre long before 7:45 p.m., the recommended arrival time for “Nick and Norah’s Infinite Playlist.”, leaving only the front row empty. The thunderous applause came even before the movie began as Ben Schwartz ’10, vice chair of the College...

Author: By Catherine J. Zielinski, CONTRIBUTING WRITER | Title: “Nick and Norah’s Infinite Playlist” Infinitely Entertaining | 10/15/2008 | See Source »

...Obama has proposed a similar plan. "We're going to put two million more Americans to work, rebuilding our crumbling roads and schools and bridges," he said last Thursday in Ohio. For those wondering how Washington can afford it, he has an answer that pleases his base, if not his budget-balancers: "If we can spend $10 billion a month in Iraq, we can spend $10 billion right here in the United States, rebuilding America...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

...mustache-twirling villain of the credit crunch. Britons - from private individuals to local government, charities and public bodies - have deposited some $34 billion in Iceland's financial institutions, among them Landsbanki, which went into receivership this week, and Kaupthing, the country's biggest bank, which was nationalized on Thursday. After the British government used antiterror legislation to freeze Landsbanki assets (these laws were simply "the most efficient mechanism available," a Downing Street spokesman explains), Iceland's Prime Minister Geir Haarde protested. "Not many governments would have taken that very kindly," he said. His counterpart in London appears unabashed. "We will...

Author: /time Magazine | Title: Iceland: Britain's Credit Crunch Scapegoat | 10/10/2008 | See Source »

Friday's international contagion of bearishness was inspired by Thursday's sell-off frenzy in New York City, which drove the Dow Jones index down 7% and neatly erased $872 billion of value from company and shareholder books. Fears that Wall Street would suffer another battering session Friday proved founded, as the Dow traded sharply down in the morning. Observers short on rational explanations for the nosedive could find solace only in the calendar: at least trading ceases on weekends...

Author: /time Magazine | Title: What Will Break the Worldwide Panic Reaction? | 10/10/2008 | See Source »

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