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...answer may be pulled from the three figures about the economy which have the most bearing on how whether recession is beginning to reverse or not. The first is access to credit. To the horror of members of Congress and the governors of the Fed, The Wall Street Journal came out with an analysis showing that the banks which received TARP funds are lending less now than they were before the facility was created as the handiwork of Henry Paulson...
...company with little history in the auto industry, viewed as potential leader of that shift? One answer is that last September, Berkshire Hathaway chairman Warren Buffett, the Oracle of Omaha, paid $230 million to buy a 9.8% stake in BYD. At a press conference at the time, David Sokol, chairman of MidAmerican Energy Holdings, the Berkshire Hathaway-owned company that made the investment, said he believed that BYD's technology was a "potential game changer if we're serious about reducing carbon-dioxide emissions." BYD has nearly 11,000 engineers and technicians working on battery technology at the company...
...Upcoming excavations of Flores spearheaded by Mike Morwood, the lead researcher of the Australian-Indonesian team that first unearthed the bones, may help answer the essential question, as Falk puts it, "When did the first [hobbit ancestors] get to the island, and what did they look like...
...some thread on College Confidential. Well, here’s some news for you: I’ve got enough stats to deal with for my pset due Friday. Oh, and nobody cares. Okay, okay, maybe I’m being a little harsh. So, I’ll answer some typical pre-frosh questions like a good Harvard host: 1. Are people actually normal here? No, we’re all secretly commies conspiring to take over the world. Why do you think all your folders are red? Just kidding. Well, at least not all of us. 2. How?...
...problem here involves both agencies like Moody’s, with its horde of analysts, and the investors they inform—and so does the solution. It evidences a broader issue that technology and innovation bring to all facets of life: carelessness. If you can find the answer by searching Google or glancing over a Wikipedia article, why read a book? If you can rely on a credible rating for a complex financial security, why do further research? In a narrow sense, the lack of context attendant in these bursts of data leads to small errors...