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The FDIC has a clear message for Americans who are beginning to awaken to the size of the problem: Don't panic. Banks will fail, but it is highly unlikely that depositors will lose their money. The FDIC now guarantees up to $250,000 in individual deposits at the banks...

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

The six-page letter marked the beginning of a new annual tradition outlined by Smith at a meeting of the Faculty last year, in which the retrospective year-end report typically distributed by the FAS dean is supplemented by a shorter, more forward-looking correspondence in the fall.

Author: By Christian B. Flow, CRIMSON STAFF WRITER | Title: Smith Letter Looks At Reorganization | 10/10/2008 | See Source »

How did the vote on the $700 billion rescue plan affect the bill's passage? Were you worried it would get sidelined? I had no concern. The economy is in bad shape in a number of ways, and it may be that we're going to have trouble finding out...

Author: /time Magazine | Title: Senator Pete Domenici on Mental Health | 10/10/2008 | See Source »

It's almost beginning to feel routine. Like the Massachusetts and California high courts before it, the Connecticut Supreme Court has ruled that same-sex couples should be allowed to wed. "Interpreting our state constitutional provisions in accordance with firmly established equal protection principles leads inevitably to the conclusion that...

Author: /time Magazine | Title: Viewpoint: For Gay Marriage, Time to Go Beyond the Courts | 10/10/2008 | See Source »

That comes as something of a surprise to some local councils. There have been warnings since the beginning of the year that all was not well with Iceland's banks. As early as Jan. 30, credit-ratings agency Moody's Investors Service said it was placing on review for possible...

Author: /time Magazine | Title: Iceland: Britain's Credit Crunch Scapegoat | 10/10/2008 | See Source »

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