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Federal Reserve chairman Ben Bernanke, who in March put up $29 billion to entice JP Morgan Chase to take over struggling Bear Stearns, and Treasury Secretary Hank Paulson, who just over a week ago committed up to $200 billion in taxpayer funds to rescue mortgage lenders Fannie Mae and Freddie Mac, have opted not to go the bailout route this time. The Fed did announce yet another expansion of its lending programs to banks and investment banks, but so far that's it. The hope seems to be that if Lehman's (and perhaps AIG's) liquidation transpires...
...Harvard Carnival in Tercentenary Theater. Tracy M. Spekta ’10, who headed the planning for the Carnival, estimated that approximately half of the undergraduate body attended the event. Live performances by Petros (with help from members of the Expressions Dance Company), Show Me Action, and the Ben Kultgen Band attracted a small but vocal crowd in front of the stage. Peter C. Shields ’09, who performs under the name Petros, lauded the university for including student performers in this year’s back-to-school celebration. “This is a notch...
...paired up for an R-rated crime drama. The actors, Al Pacino and Robert De Niro, and the movie, Heat, received a glitzy, year-end push from a major studio and breathless media coverage. The New York Times likened Pa-Niro's six minutes of shared screen time to "Ben Hur sitting down and acting with Spartacus...
Have you ever changed your mind on an issue as a result of an interview you've done? Ben Doty, SYCAMORE...
...together and make a strong case for Barack Obama as the general presidential election kicks into high gear. Jarret A. Zafran '09, president of the Harvard College Democrats and a Crimson editorial writer, said he enjoyed the variety of panels and events, including a panel on poverty that featured Ben Affleck and Madeleine Albright. But for Zafran, attending Obama’s nomination acceptance speech last Thursday night at Invesco Field was the most memorable. "The crowd was just electric, and you could feel how much this meant to everyone in the audience," Zafran said. "I was sitting next...