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...That worries economists, as bank failures exacerbate the already bleak situation by decreasing the amount of lending in the system. That's one reason most now predict the country will sustain a protracted recession even if it manages to avoid the kind of systemic risk the FDIC feared a disorderly and public Wachovia failure might have brought...

Author: /time Magazine | Title: US Bank Failures ... And Counting | 10/13/2008 | See Source »

...sense in terms of consolidating a troubled industry as a whole, it may not make financial sense given the specifics of GM's situation. While GM has insisted its current reserves of $21 billion can help it weather the economic turmoil and continue its restructuring efforts through 2009, that amount may not be enough to finance a post-merger restructuring of Chrysler. GM is also publicly committed to delivering the new electric Volt automobile before end of 2010 and closing Chrysler plants and technical centers to save cash could violate the spirit of $25 bilion in loan guarantees approved...

Author: /time Magazine | Title: How Likely is a GM-Chrysler Merger? | 10/13/2008 | See Source »

...That means creating not just reserves, but safe nature corridors that would allow wildlife to migrate in the face of rising temperatures. Another method is to try to connect existing reserves through reforestation - a technique already underway in Madagascar, where the government is looking to vastly increase the total amount of protected land. What's certain is that we need to act. If we don't, says Schweiger, "Climate change could undermine the conservation work of whole generations...

Author: /time Magazine | Title: How Climate Change Will Impact Animals | 10/13/2008 | See Source »

...length plotless ballet “Jewels.” Considered the crown of Balanchine’s jazzy, bold, American-inspired works, it fits its Stravinsky score like a glove. Misa Kuranaga absolutely nailed the glamour, sexiness, and sophistication the pas de deux demands, adding just the appropriate amount of vulgar. Her flawless technique and assured assimilation of the role originated by Patricia McBride was aided by James Whiteside’s able partnering. Whiteside later appeared in “Ein Von Viel,” a modern ballet choreographed by Sabrina Matthews whose main innovation was bringing...

Author: By Erica A. Sheftman, CONTRIBUTING WRITER | Title: Ballet’s Kaleidoscopic ‘Night of Stars’ | 10/13/2008 | See Source »

...there solely in order to smoke, or at least to spend time in the company of smokers. Eliminating the presence of cigar bars does nothing but redirect the deliberate inhalation of smoke that takes place at these bars elsewhere. The presence of cigar bars might even reduce the amount of secondhand smoke that nonsmokers are exposed to, since the alternative to smoking in bars is often smoking on the street. Perhaps the worst aspect of this invasion of personal liberty and responsibility is the Commission’s reasoning behind it. Dr. Barbara Ferrer, the director of the Boston Public...

Author: By The Crimson Staff | Title: Smoked Out | 10/13/2008 | See Source »

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