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Highlight Reel:1.Manufacturing and Labor: When it comes to automotive parts and major equipment in New England, folks ain't interested. Companies there reported double-digit sales declines since last winter, with some firms describing the market as "the worst they can remember." Nearly half of the manufacturers surveyed said they expect their profits to decline through the end of 2009. "The outlook," the Book notes, "is pessimistic." One Boston respondent told Fed officials that the economy's "bearish mood" has even spread to the higher-education sector. Staffing centers are gloomy on the East Coast; says one contact,"Everybody...

Author: /time Magazine | Title: The Fed's Bleak Biz Report | 12/4/2008 | See Source »

...Retail and Services: Nationwide, retailers experienced flat or declining sales, even as stores introduced bargains and layaway programs for people unwilling or unable to buy on credit. A large chain near New York credited the region's unseasonably cold weather for relatively decent sales of outdoor and winter apparel in November, while the only retailer to report an increase in sales in the Fourth District, which includes Ohio and Kentucky, was a national discount chain. A domestic car dealer in West Virginia told the Fed his average sales have gone from 250 cars per month to just six in November...

Author: /time Magazine | Title: The Fed's Bleak Biz Report | 12/4/2008 | See Source »

...online petition of the same name. The petition now has almost 600 electronic signatures. In addition to the Facebook group and the petition, Shah and Parikh have been collaborating with other students to speak with professors and work with the Undergraduate Council to resolve the issue favorably before winter break. Last night, the UC passed a position paper advocating that students who have proof that they are attending the inauguration should be eligible for make-up exams on the Sunday before the inauguration. It will be circulated to different administrators. “Through our efforts, we hope to convince...

Author: By Anita B. Hofschneider, CONTRIBUTING WRITER | Title: Students Protest Jan. 20 Exams | 12/2/2008 | See Source »

...creates about 6,400 lbs. of CO2 a year; using electricity will produce about 4,700 lbs of emissions. Both numbers can be larger if you live in a cold part of the country. The problem is that many American houses are poorly constructed and insulated, leaking heat in winter and cool air in the summer - and that's not cheap. Oil and gas prices may have declined in recent months - of course, fuel costs in the U.S. have also been historically low, compared to our counterparts in much of Europe - but most experts believe that's only temporary...

Author: /time Magazine | Title: Weatherproof Your Home | 12/1/2008 | See Source »

...about weatherproofing the country and saving all the energy leaking out of its homes, the country needs stronger policies that will make going green the smart choice economically, not just environmentally. "We don't have it," says Trethewey. Low energy costs "have made us all pretty lazy and stupid." Winter's coming, though - even as the world gets warmer - and we need to get smarter, fast...

Author: /time Magazine | Title: Weatherproof Your Home | 12/1/2008 | See Source »

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