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...deterioration of the global economy in the wake of the ongoing U.S. housing bust and subsequent credit crunch is accelerating at a frightening pace. In the U.S., nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...project aims to influence policy-makers at an international climate conference in Copenhagen next December to adopt that standard as the global benchmark.“Our plan for this year is to communicate this number everywhere around the world,” McKibben said Wednesday. “We picked a number because it is simple...It travels easily across linguistic boundaries and holds politicians to one thing.”Various groups have pledged their support already, McKibben said, including several farmers in Cameroon who have planted 350 trees on the edge of their village.Though he calls...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Activist Pushes Caps on Carbon | 11/21/2008 | See Source »

...went to work in a health clinic for the Luo people. Through a group of women she met there, Hoy discovered the art of traditional Luo pottery, in which forms come directly from their age-old uses. Speaking to a small but enthusiastic crowd last Wednesday at the Office for the Arts ceramics studio in Allston, Hoy emphasized the challenges globalization presents to this art and its practitioners.“It was amazing how close everything was from land to use, and I think that carries through to the pottery as well,” Hoy remarked...

Author: By Jessica M. Righthand, CONTRIBUTING WRITER | Title: Alum inspired by Luo Pots | 11/21/2008 | See Source »

...United Auto Workers head Ron Gettelfinger - who also appeared on Capitol Hill on Wednesday but has so far escaped much of Congress's wrath despite his union's crippling labor deals - used a press conference on Thursday to bash what he said was the hypocrisy of certain Detroit opponents in Congress. Many of the same Senators and Representatives who vehemently object to giving any aid to carmakers, he claimed, come from states that have shelled out big bucks as incentive to lure foreign automakers to set up plants. "It just seems odd to us that we can offer incentives...

Author: /time Magazine | Title: Congress Sends Detroit Execs Back — With Homework | 11/20/2008 | See Source »

Ramsey County District Court Judge Dale B. Lindman ruled that the voter information was public data and not private as Ramsey's attorneys had argued. By Wednesday evening the county had turned over the information to the Franken campaign. Ramsey County assistant attorney Darwin Lookingbill confirmed that the county will not appeal the ruling...

Author: /time Magazine | Title: In Minnesota, Franken Wins a Skirmish | 11/20/2008 | See Source »

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