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...last week, events took a turn for the worse. Negative reports on consumer default rates and troubling statistics on commercial loans unnerved investors. Two moves by Citi - taking $80 billion in risky assets off the auction block and transferring some mortgage-related securities held in an off-balance-sheet vehicle back onto its books - spooked shareholders already wary of what unknowns might be lurking. On Nov. 18, the company announced that it would be laying off about 50,000 of its employees, or 20% of its global workforce...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

...They added 51,000 acres of tracts near Arches, Dinosaur and Canyonlands without telling us about it.' CORDELL ROY, Utah's chief park-service administrator, blasting the Bureau of Land Management for its plans to auction land near the iconic Arches National Park for oil and gas exploration...

Author: /time Magazine | Title: Verbatim | 11/20/2008 | See Source »

...state director SELMA SIERRA, denying that her agency failed to notify the state's park service about the December auction...

Author: /time Magazine | Title: Verbatim | 11/20/2008 | See Source »

Members of the local community reached out to orphans in China through the third annual Harvard China Care benefit dinner and silent auction at the Lenox Hotel in Boston last night. Guests paid $80 per ticket to attend and bid on a wide variety of prizes, including pottery from Texan artist Murry Gans, tickets to the American Repertory Theatre, and select services pledged by many of the club members themselves. The proceeds from the benefit this year will fund the maintenance of the Children’s Home in Bao Ji, Shanxi province, which opened last November. With the help...

Author: By Danella H. Debel, CRIMSON STAFF WRITER | Title: China Care Event To Benefit Orphans | 11/13/2008 | See Source »

...Tinyvices is written in “Seinfeld”-era HTML, with simple hyperlinks assigning each work its own independent page against a black background. It is as if the site is consciously positing itself at odds with the sanctified white-walled world of Chelsea galleries and international auction houses. In a 2006 interview with Fader magazine, Barber even stated that he “wanted to create a simple, accessible and almost neutral venue to show stuff—my own and other’s.”While the struggle between art and the structures...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Multi-Media Art Online at Tinyvices.com | 11/13/2008 | See Source »

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