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...reality of their liabilities. This story sounds grimly similar to the Troubled Assets Relief Program, by which the Treasury handed $700 billion to the nation’s banks with little positive result. The consequences of the Japanese—and hence our—rescue plan, according to Adam Posen of the Peterson Institute of International Economics, “is that the banks’ top management simply burns through that cash, socializing the losses for the taxpayer, grabbing any rare gains for management payouts or shareholder dividends, and ending up still undercapitalized.” A different...
...surprisingly, the album lacks a unified feel. On a few tracks, the Edge, drummer Larry Mullen Jr. and bassist Adam Clayton sound at home rumbling through the verses and blowing out the choruses in the old familiar way. But as No Line trudges on, it slumps under the weight of its own need to surprise. Eno invented the bleeps and whirs that are mixed into the background of so many rock albums, and used as seasoning, his effects still have the power to create mystery. (On the title track, it sounds as if Bono is duetting with a quasar - very...
...Pakistan's domestic militants have faced a four-pronged assault since last summer, with counterinsurgency campaigns by Pakistani troops in Swat, Bajaur and the town of Dara Adam Khel - home to a notorious militant arms industry - along with stepped-up CIA-directed missile strikes from pilotless drone aircraft. The seriousness of the Pakistani effort was underlined by the scores of casualties suffered by the military, particularly in Bajaur. The military believes it has the Taliban on the ropes in Bajaur and says the truce there is simply to give Taliban members an opportunity to surrender their weapons. The cease-fire...
...Adam R. Gold ’11 lives in Adams House and is concentrating in physics. His column, “Fully Charged,” is about science and technology and how they impact Harvard students. The column will touch on topics ranging from Napster to nanotubes and will focus on bringing the latest research to the rest of us on alternate Mondays...
...ADAM R. GOLD...