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That's looking now to be a far likelier course of action than it seemed just a few weeks ago, meaning that our banking system may survive more or less intact. This seems like a terrible cop-out, until you consider that this financial crisis wasn't initiated by the banks - that is, FDIC-insured depository institutions. It was a crisis that began among and devastated the shadow banks. A few banking companies - Citigroup, UBS, JPMorgan Chase - did become deeply entwined in the shadow-banking system through their investment-banking arms. But banks, narrowly defined, weren't the big problem...

Author: /time Magazine | Title: Hooray for Boring Banks | 4/23/2009 | See Source »

...Obama has acted wisely in attempting to move past the vestigial Cold War animosity that seems to perpetually guide our Cuba policy, but we hope that he will follow up his warm gestures with concrete action...

Author: By The Crimson Staff | Title: A New Beginning | 4/23/2009 | See Source »

Rebecca J. Howe ’11, the Harvard Environmental Action Committee’s Earth Day Co-Chair, said that the festivities are completely student-run and that numerous Harvard organizations such as the Outing Club, Geological Society, the Vegetarian Society, Green Labs, and Sustainable Allston are also sponsoring the events...

Author: By Eric W. Baum, CONTRIBUTING WRITER | Title: Campus Events Honor Earth Day | 4/23/2009 | See Source »

...Finance Committee took notice, according to Dean A. Zerbe, then-senior counsel on the Committee for Senator Charles E. “Chuck” Grassley. Rose said he discussed possible legislative action to curb abuses by public charities with Zerbe after the Committee received the disclosure. Zerbe said in an interview that Rose was “certainly knowledgeable” about his area of work and that his early input to the Committee was of “extraordinary value” in shaping the ongoing review of rules governing university endowments...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Tax Concerns Aided Federal Inquiries | 4/23/2009 | See Source »

...Sustainability Week in the fall, which featured an address from former Vice President Al Gore ’69 and banners declaring “Green Is The New Crimson.” Spring Greeney ’09 and Zach Arnold ’10 of the Environmental Action Committee said they nominated Gogan for the award because of his enthusiasm for environmental issues and his willingness to work closely with undergraduates. “He is legitimately a hero to the entire campus environmental community,” Arnold said. A sense of optimism pervaded this year?...

Author: By Alexandra L. Perkins, CONTRIBUTING WRITER | Title: Waste Manager Wins EPA Award | 4/23/2009 | See Source »

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