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“Obviously, the financial system undertook excessive risk,” he said. “The banks didn’t do what they were supposed to do, which was to allocate capital, manage risk, run a payments mechanism, and do it all at low transaction costs...

Author: By Naveen N. Srivatsa, CRIMSON STAFF WRITER | Title: Stiglitz Faults Fed, Banks For Crisis | 1/26/2010 | See Source »

Meanwhile, even if negotiators reach a START agreement, it will still require ratification in the U.S. Senate. And in a recent letter, 40 Republican Senators and independent Joe Lieberman suggested that they would not support the agreement unless Obama pledged to allocate money to "modernize" America's nuclear arsenal - that...

Author: /time Magazine | Title: Obama's Nuclear Arms Pledge Hits Stumbling Block | 1/7/2010 | See Source »

Across the country, local Census offices are taking applications. There's a 28-question test involved in nabbing one of the temporary positions, which pay between $10 and $25 per hour depending on where you live and entail plenty of evening and weekend shifts, since that's when people tend...

Author: /time Magazine | Title: Job Stimulus: Census Bureau to Hire 1.2 Million | 1/6/2010 | See Source »

Minow also announced that the school will allocate an additional $2.7 million to cover financial aid costs, despite Harvard’s 27 percent endowment investment loss during the 2008 fiscal year, which resulted in a $2.5 million drop in financial aid funding from the endowment going to the Law...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERS | Title: Harvard Law School To Reduce Public Service Funding | 12/1/2009 | See Source »

The reason is that the roaring real estate market is complicating Beijing's decisions on when and how to unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up...

Author: /time Magazine | Title: Bubble Trouble: Why Real Estate Is China's Biggest Headache | 11/16/2009 | See Source »

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