Posts Tagged ‘recession’

OECD report: Worst may be over for tech industry

Monday, July 27th, 2009

The New York Times reports that the Paris-based  Organization for Economic Cooperation and Development plans to release a report this week saying the world tech industry may have turned a corner: 

Production of semiconductors, computers, mobile phones and other electronic equipment is still considerably below pre-crisis levels but has rebounded strongly from the end of 2008 and early 2009, the organization says in a report set for publication this week.

“Even a few weeks ago, we didn’t see the bounce-back in the data,” said Sacha Wunsch-Vincent, an O.E.C.D. economist. “We were still grappling with the size of the downturn. Now, this could be the turning point.”

Vanity Fair: Harvard’s endowment didn’t drop as much as reported; Harvard: Yes, it did

Thursday, July 2nd, 2009

A Vanity Fair report says Harvard’s endowment is losing money, just not as much as the college says it is. A source tells VF that the endowment will shrink 23 percent to 25 percent, rather than the 30 percent Harvard has predicted. 

In a denial that shows how fully upside down the recession has turned the world, Harvard president Drew Gilpin-Faust issued a statement saying, no, the endowment really is losing 30 percent.

Well that certainly settles that. Either way, now might not be the best time to ask about finishing up that science complex in Allston.

Colbert Report: What about the unemployed robots?

Friday, June 5th, 2009
The Colbert Report Mon – Thurs 11:30pm / 10:30c
Tip/Wag – 4th of July, Craig T. Nelson & GM
colbertnation.com
Colbert Report Full Episodes Political Humor Keyboard Cat

Somewhere toward the end of this clip, Stephen Colbert considers the assembly line robots put out of work by the GM bankruptcy.

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