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...coming months as we work off the financial excesses of recent years. Higher productivity makes higher economic growth possible; it doesn't guarantee it. What's more, a financial breakdown can trump long-term fundamentals for years. Gordon identifies the peak years of the 20th century's big wave of productivity growth as 1928 to 1950. A lot of good that did anybody...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...shows that falling purchasing power and consumer fear of a looming downturn have caused spending in France's cafés and restaurants to slump around 20% this year. Nearly 3,000 of the nation's restaurants closed down or went bankrupt in the first half of 2008. That wave of failure may well rise as newcomers who relied on credit to get started find themselves stretched to make their payments as revenues slump. "If I were 30, starting out with loans to reimburse, I'd be in big trouble," says Bonduel, relieved that most of his clients are residents...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...battleground states are flooded with television ads, direct mail and well-paid armies of local organizers. As Obama's lead has held (and even grown in some polls), pundits and political strategists in both parties have begun to assertively predict an easy Obama win, possibly producing a self-fulfilling wave...

Author: /time Magazine | Title: In Final Debate, Can McCain Rattle an Imperturbable Foe? | 10/15/2008 | See Source »

...light for 30 seconds, and then kick back and "look up" at the floating, glowing disc shapes (you decide, cosmic snowmen or early Atari video game?). The design is based on meditation practices and scientific research that suggests that looking up and focusing on an object lowers brain-wave frequencies. It did work, as long as I kept looking at the glowing blue saucers, though my obsessive worrying returned whenever I closed my eyes. But after some ebb and flow, I eventually drifted off. That said, even if you don't "turn on" the snuggly foam mask, it still...

Author: /time Magazine | Title: Eye Masks: Deep Sleep Prescription-Free | 10/15/2008 | See Source »

...Following a string of crimes and community alerts in the first month of the semester, students have become more concerned about their security, but Harvard University Police Chief Francis D. “Bud” Riley and HUPD spokesman Steven G. Catalano downplayed fears of an extraordinary crime wave. “There is no crime wave here,” Catalano said, adding that students have become more aware and fearful because of HUPD’s advisories, which are mandated by federal law when there is a continuing threat to public safety...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: UC Talks Safety with HUPD | 10/13/2008 | See Source »

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