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...Germany itself, some strongly disagree. At the German Engineering Federation, an association of about 3,000 German machinery firms, economist Olaf Wortmann acknowledges that there has been "a change of tempo," but he insists that the upward trend is continuing. The Federation tracks the order inflow of its members, and while that number fell 12% in May, it jumped a spectacular 35% in April. "There are always monthly fluctuations," says Wortmann. For the first six months of 2008, the industry is still expecting growth of at least 5%. One heartening factor: the engineering firms' factories continue...

Author: /time Magazine | Title: Europe's Economy: Falling Down | 7/9/2008 | See Source »

...account for this discrepancy, monthly unit changes were adjusted upward by one-sixth of a percent for each month in the graph above, and two percent was added to the overall growth in the endowment units. (This two percent differential may reflect deductions for management fees or levies on the endowment like the 0.5 percent tax for development of the new Allston campus. A Harvard spokesman was not immediately available for comment on this difference as well as the endowment's returns for this fiscal year...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERS | Title: Harvard Endowment Posts 9 Percent Return in 10 Months | 7/1/2008 | See Source »

...June 20, the U.N. High Commissioner for Refugees, Antonio Guterres, said that the UNHCR last year cared for 25.1 million refugees and internally displaced people. That is the highest level of need ever recorded in the agency's 57-year history - 10% more than in 2006 - and the upward trend is bound to continue. "We're worried about how the economic slowdown, rising food prices and climate change are creating a new pattern of forced displacement," Guterres, a former Portuguese Prime Minister who took the helm of the UNHCR in 2005, told TIME. "The number of people on the move...

Author: /time Magazine | Title: The Global Refugee Crisis Worsens | 6/20/2008 | See Source »

...could use a new platform itself.) Yet again Zuckerberg said no, he's not selling out - he's just trying to build a great and viable platform and that takes time. Zuckerberg speaks in a steady, mellifluous tenor; he has a long neck and tends to point his chin upward, as if aiming the bell of a saxophone. "A lot of the last year in developing the platform has just been keeping up with the runaway success there," he says...

Author: /time Magazine | Title: Who Will Rule the New Internet? | 6/4/2008 | See Source »

...tenths of a percentage point this time around rather than in whole percentage points, as appeared to be the case in the mid-1970s. Importantly, we see little indication today of the beginnings of a 1970s-style wage-price spiral, in which wages and prices chased each other ever upward...

Author: By Crimson News Staff | Title: Full Text of Ben Bernanke's Class Day Speech | 6/4/2008 | See Source »

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