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...capital shortage is a capital shortage is a capital shortage," says Anil Kashyap, professor of economics and finance at the University of Chicago Graduate School of Business. To Kashyap and a number of economists, this has been the problem from the beginning, and any proposed solution that doesn't address the basic issue of recapitalizing banks won't succeed in the long run. Treasury has now come to the same conclusion: the best way to shore up both the banks' balance sheets and their confidence in lending (to each other, to businesses, to us) is to become an investor...
...newspapers. The founding of the Broad Institute at Harvard and MIT in 2004 has spurred scientists on the cutting edge of biology and technology to collaborate on developing genomic medicine. Even the undergraduate Life Sciences curriculum spans five departments, taught by “interdisciplinary teams of faculty [to] address topics in the context of larger biological questions.” At the Wyss Institute, there is no doubt that this interdisciplinary “bioengineering of the future,” as Provost Steven E. Hyman called it, will bring major benefits to mankind. Fortunately, Mr. Wyss...
...We’ve been doing the things on the list, and we’re not getting the results we want,” MacDonald said. Deputy Superintendent Carolyn Turk said that the district can use the tests as a preliminary tool to better understand and address students’ needs. “There have been areas of progress, and at the same time, we are able to recognize the areas where we still need to do some work,” she said. But when a school committee member Nancy Tauber asked how educators could help students...
...Prime Minister Thaksin Shinawatra, who was ousted in a military coup in 2006. On the evening of Oct. 6, members of the PAD swarmed the streets around parliament in what they called their ultimate mission: stopping Somchai, who is Thaksin's brother-in-law, from delivering an inaugural policy address. Until a Prime Minister and his cabinet speak before the legislature, they cannot exercise their powers. No speech, no official government action...
...Which still leaves the problem of how to address the broader crisis now that the country-by-country approach appears to be failing. Gros recommends a common European scheme to shore up capital of distressed banks and the establishment of a "clear center of joint responsibility for the supervision and liquidity support of cross-border European banks," which he says should be housed in the European Central Bank. (At present, the chief tool available to the ECB is lowering interest rates...