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...question remains whether, as Lehman begins the forced selling of its more troubled assets, that will drive prices for some real estate securities down so far that other firms land in trouble as well. Merrill Lynch North American economist David Rosenberg predicts that Lehman's demise will begin a long, painful process of unraveling trillions of dollars in derivatives "to identify how big the potential losses are and where they are being held...

Author: /time Magazine | Title: Wall Street Feels the Shock Waves: Bad But No Chaos | 9/15/2008 | See Source »

...meeting, which will include European Union ministers, national governments and Roma organizations, is the first time the E.U. has organized a senior level summit on the Roma. The conference, which aims to begin forging a new policy based on inclusion, is well timed. Recent episodes, especially in Italy, home to some 150,000 Roma, one of the highest populations in Europe, have reminded Europeans of a problem many would rather forget. Last spring, local residents angry over crimes they blamed on Roma, burned down Roma camps on the outskirts of both Naples and Rome. Then, in July, a newspaper photographer...

Author: /time Magazine | Title: Preparing for a 'Gypsy Summit' | 9/15/2008 | See Source »

...experiences concerning HUPD’s practices. Several inflammatory encounters between HUPD and minority community members have been well documented, but other similar incidents may have occurred without being reported to either HUPD or University officials. Only when the full extent of the problem is assessed can the committee begin to consider appropriate responses.At the end of the day, we are hopeful that the review committee—which boasts an accomplished membership and a significant vote of confidence on the University’s part—will prove equal to the challenging task before...

Author: By The Crimson Staff | Title: A Necessary Review | 9/14/2008 | See Source »

...renewed confidence and assertiveness of Catholic Democrats that may have gotten Biden in trouble. During a September 7 appearance on Meet the Press, moderator Tom Brokaw asked Biden to answer the question "When does life begin?" From a Catholic standpoint, the Democratic candidate started off well, telling Brokaw, "As a Roman Catholic, I'm prepared to accept the teachings of my church - I'm prepared as a matter of faith to accept that life begins at the moment of conception...

Author: /time Magazine | Title: Does Biden Have a Catholic Problem? | 9/13/2008 | See Source »

...typical for presidential campaigns to begin working on the transition effort months before the election, given the short window available to set up a new government between Election Day and the Inauguration. The Obama campaign has also started a transition-planning effort, recruiting John Podesta - a former chief of staff to President Clinton who now runs a liberal think tank, the Center for American Progress - to help oversee the preparation...

Author: /time Magazine | Title: McCain Taps Lobbyist for Transition | 9/12/2008 | See Source »

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