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...That prospect would be a big boost to the casino companies. During the boom years, Macau casinos minted profits at an astonishing rate, but over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented...

Author: /time Magazine | Title: Macau: Is the Casino Boom Back? | 9/23/2009 | See Source »

FlyBy noticed that the Harvard Hotline is a toll free number, not one of the 617-495-xxxx numbers typical of Harvard, so we were interested to see who would pick up our call...

Author: By Lauren D. Kiel | Title: FlyBy Got Harvard's Number! | 9/21/2009 | See Source »

...troop pullout was the centerpiece of a day of impassioned, often contradictory reactions from the highest levels of the Italian government. It followed the nation's worst day of military casualties since a November 2003 car-bomb attack in Nasiriyah, in southern Iraq, killed 19 Italian soldiers. That death toll was cited when Italy eventually pulled out of Iraq in 2006, but at the time of the Nasiriyah attack, Berlusconi held firm to Italy's military commitment and ironclad alliance with then U.S. President George W. Bush. (See Berlusconi's worst gaffes...

Author: /time Magazine | Title: Will Italy Pull Its Troops out of Afghanistan? | 9/18/2009 | See Source »

...this took a toll on sales and earnings at upscale department stores and chi-chi fashion houses around the world. Luxury department store sales are down 25% to 30% on average from their peak in early 2008, estimates Aggarwal...

Author: /time Magazine | Title: Luxury Retailers Rush To Adapt: Chic Goes Cheap | 9/17/2009 | See Source »

...economic downturn has taken a toll on student workers across campus, limiting employment opportunities and forcing students to take shorter shifts at workplaces ranging from libraries to the Office of Career Services. Evelyn R. Wenger ’11, a student receptionist who has worked at OCS for the past two years, said that the maximum amount of hours each student can work per week has been reduced this year. Wenger worked between seven and ten hours each week last year, but she can no longer put in the same number of hours due to policy changes and new hour...

Author: By Qichen Zhang, CRIMSON STAFF WRITER | Title: Student Employment Hit By Budget Crunch | 9/16/2009 | See Source »

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