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...there is not much talk about what could bring the banking industry to its knees again. That talk has gone away and been replaced by a childish hopefulness that decades of overleveraging can be fixed by a few months of losses and hundreds of billions of dollars in government aid...

Author: /time Magazine | Title: Commercial Real Estate: The Banks' Next Big Problem | 3/20/2009 | See Source »

...admiration for his idealism, but a low-income college student turning down thousands of dollars essentially because he “hasn’t even been to Puerto Rico” smacks of pretension. His feeble arguments against accepting the money sound especially forced when a financial aid snafu later reveals how badly he could use it.The film relies predominantly on unfortunate stereotypes that place characters in racially charged scenarios. The out of touch, all-white administration’s only response to campus racism is to hold forums on race for the entire school. Predictably, these forums devolve...

Author: By Charleton A. Lamb, CRIMSON STAFF WRITER | Title: Spinning Into Butter | 3/20/2009 | See Source »

...Isaac S. Kohane, the director of the Children’s Hospital Informatics Program, agreeD that though the increase in funding is very much appreciated, it does not solve a structural revenue problem. He said that the overhead from this funding would at best serve as a band-aid for the next two years...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Science Funds Uncertain | 3/20/2009 | See Source »

Poor Africa. It's both the literal and figurative meanings of that phrase that gall Dambisa Moyo. A Zambian-born, Harvard- and Oxford-educated economist who worked at Goldman Sachs for almost a decade, Moyo is particularly angry at the way overly solicitous Western financial aid has made Africa's "poor poorer." As she writes, "The notion that aid can alleviate systemic poverty ... is a myth." That $1 trillion-plus the U.S. has poured into Africa? Mostly useless. All that Bono-supported "glamour aid"? Somewhat insulting. The truth, Moyo argues, is that massive foreign aid encourages corruption and stifles...

Author: /time Magazine | Title: The Skimmer | 3/19/2009 | See Source »

...anger, pundits warn the answer is: No. Though Sarkozy granted $3.5 billon in additional tax cuts to workers following January's walk-out, unions denounce that as a pittance compared to the $35 billion poured into business investment under the government's economic stimulus package and $468 billion in aid handed to French banks and finance groups. The protesters now have three main demands: that major funding be given to employees to increase purchasing power; that planned moves to cut public sector jobs be frozen for two years; and that Sarkozy roll back $595 million in tax cuts passed...

Author: /time Magazine | Title: The Protests in France Get Personal | 3/19/2009 | See Source »

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