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...what if this recession isn't an ordinary recession? There is a widespread belief among economists that a secular shift in global spending patterns is under way. U.S. consumers, the usual drivers of economic growth, are reducing their outlays and may do so for years to come as they pay down debt. Under this "new normal" scenario, some of today's spare capacity may never come back into action because total demand will remain depressed indefinitely. Factories in some crowded sectors will have to be permanently closed or retooled to make different products...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...definitely an opportunity to gain some experience,” junior skipper Colin Santangelo said. “It’s a pretty high-level regatta, and it’s pretty important that we did well. There was a little more pressure on us than usual...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Harvard Splits Up, Has Mixed Results | 10/6/2009 | See Source »

...continuing as commission head so their work could continue without interruption. Scheck compared Perry's failure to reappoint the three to the infamous Saturday Night Massacre of 1973 when President Nixon fired the special prosecutor investigating the Watergate scandal. But Perry's office said the changes were "business as usual" and the governor added, "Those individuals' terms were up, so we're replacing them...

Author: /time Magazine | Title: Why Did Texas Gut Its Forensics Commission? | 10/6/2009 | See Source »

Hornby's name appears on the front cover of the British edition of Moore's novel A Gate at the Stairs (Knopf; 336 pages), her first since Who Will Run the Frog Hospital? in 1994. It's rare that a blurb escapes from its usual station on the back cover of a book, but if Hornby ever called me the best American writer of my generation, I'd tattoo it on my forehead...

Author: /time Magazine | Title: Noble Failures | 10/5/2009 | See Source »

...weekend of October 24, you happen to see many more alumni around campus than usual, don't worry: Harvard-Yale didn't come early...

Author: By Anita B. Hofschneider | Title: Homecoming at Harvard | 10/4/2009 | See Source »

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