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Such times complicate the standard central-bank playbook - which includes the seminal Taylor Rule. Proposed by Stanford economics professor John Taylor in the early 1990s, the Taylor Rule provides a formula for raising and lowering policy rates based on two variables: whether inflation is above or below the central bank...

Author: /time Magazine | Title: The Fed Fights Back | 3/13/2008 | See Source »

But the Taylor Rule provides less guidance when the neutral interest rate is shifting rapidly due to changes in financial conditions, which is exactly what is happening right now. Banks and other lenders are demanding a higher premium for lending to households and companies. To prevent the cost of borrowing...

Author: /time Magazine | Title: The Fed Fights Back | 3/13/2008 | See Source »

Scientists debate the effects of BPA, thought by some to damage reproductive systems when ingested in excessive amounts. The U.S. Food and Drug Administration (FDA), which regulates bottled water, has declared PET and polycarbonate bottles safe. Nalge Nunc, the Rochester, N.Y., company behind the Nalgene brand, attests to the safety...

Author: /time Magazine | Title: Freshen Up Your Drink | 3/13/2008 | See Source »

Currently, the faculty participation varies, with some faculty filling out the report for all students, some filling it out only for those who have an unsatisfactory grade (below C-), and some not filling it out at all, Duncan said.

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: CUE Discusses Tying Grade Reports to Course Evaluations | 3/13/2008 | See Source »

Columbia released a similar statement yesterday announcing that undergraduates at both Columbia College and The Fu Foundation School of Engineering and Applied Science would entirely eliminate parental contributions for families that earn annual incomes below $60,000,

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Columbia, MIT Fall Into Line on Aid | 3/11/2008 | See Source »

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