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...bank's liabilities, which get covered by implicit too-big-to-fail guarantees. What a lot of firms don't like is the idea of having to pay a financial-crisis-responsibility fee for the next decade, as Obama has proposed to recoup TARP loans to AIG, the auto industry and smaller banks. Economists I know don't think that idea is either fair or sensible from a policy standpoint...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...rather than accepting the blame, on Wall Street today; it is President Obama who is public enemy number one. Quite a few executives and high-ranking government officials have targeted the Obama administration’s involvement in the banking industry and in the auto industry as hurting, rather than helping, the economy’s recovery. According to them, the markets should self-regulate à la Adam Smith’s “invisible hand.” President Obama, owing mostly to his modest roots and his adoption of the philosophy that government has a place...

Author: By Patrick Jean Baptiste | Title: The Necessary Regulation | 2/2/2010 | See Source »

...closing her eyes when smelling an inodorous rose are absolutely true to the original.” The second, more sketchily outlined half segues into Philip’s quasi-sexual attempts to will himself out of existence—for the “process of dying by auto-dissolution afforded the greatest ecstasy known to man.” It’s not clear how the parts were meant to be linked, though early on Flora does refer to the “mad neurologist’s testament” her husband has been laboring over...

Author: By Jessica A. Sequeira, CRIMSON STAFF WRITER | Title: Nabokov's 'Original of Laura' Remains Unpolished | 2/2/2010 | See Source »

...vegetarian into a song that seemed to be about vacations. There is no real point to the political sidestep, and it sits very awkwardly with the song and the album as a whole. On “California English” the group for some reason chooses to auto-tune Koenig’s voice, with terrible results. Closer “I Think Ur A Contra” is easily the least interesting song on the album. The mournful strings that enter halfway through strike completely the wrong tone, and, like “Holiday...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Vampire Weekend | 2/2/2010 | See Source »

Nevertheless, high-speed rail is an idea whose time has come - at least for environmentalists. According to Environment America, high-speed rail uses a third less energy per mile than auto or air travel, and a nationwide system could reduce oil use by 125 million bbl. a year. In addition, high-speed rail represents the kind of long-term infrastructure investment that will pay back for decades, just as the interstate highway system of the 1950s has. "This is a down payment on a truly national program," said Biden, who has logged more than 7,900 round trips...

Author: /time Magazine | Title: Can High-Speed Rail Succeed in America? | 1/29/2010 | See Source »

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