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...indefatigable Paulson, along with Federal Reserve Chairman Ben Bernanke, this week unveiled a slew of new initiatives to try and restore confidence in the markets. On Tuesday, Bernanke unveiled a plan to try and gig the frozen market for commercial paper, offering to loan companies unlimited amounts of money three months at a time, sometimes with little or no collateral, a move unseen since the Great Depression. And at the Treasury, Paulson appointed a 35-year-old former Goldman Sachs banker as temporary head of the agency charged with using the $700 billion to lift bad loans...
...political pundit Matt Damon, who in an interview with Air America said, “I want to know if she thinks dinosaurs were here 4,000 years ago.” Upon hearing about the interview, I was first struck by the question of what ever happened to Ben Affleck. After deciding that Reindeer Games was probably the cause of Affleck’s downfall, I then began to ponder about dinosaurs. To be an informed voter, do we really need to know about Sarah Palin’s opinion on dinosaurs?The beginning of the dinosaur question seems...
Even hints from Federal Reserve Chairman Ben Bernanke, testifying on Capital Hill today, of a possible rate cut did not help. His prognosis that slow growth in the American economy, not inflation, is now the Reserve's primary concern only added bad news to a day that included fallout from yesterday's after-hours Bank of America announcement that it will need to cut its dividend and raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted...
...this season, in part due to an ever-changing depth chart at tailback—each week no one knows which back will line up behind quarterback Chris Pizzotti on which play of which drive. Murphy continued to use his three-back attack, although game one starter junior Ben Jenkins saw only limited time and did not carry the ball. Sophomore Gino Gordon shouldered much of the load on the opening drive and carried the ball 16 times for 49 yards, but it was junior Cheng Ho who, while playing like he had a chip on his shoulder, made every...
...holding them to a field goal.But the Leopards’s lead was short-lived.Harvard quickly struck back, driving down field on the shoulders of junior Cheng Ho’s stellar rushing. Ho—who after topping the depth chart last season seemingly dropped to third behind classmate Ben Jenkins and sophomore Gino Gordon—finished the day with 108 rushing yards. His 23 yards on the Crimson’s opening drive ended with a 1-yard rush into the end zone, giving Harvard a 7-3 lead.“[Cheng is] such an unbelievable competitor...