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Those fears were abundantly evident in a recent Conference Board report showing that consumer confidence took an unexpected dip, sliding 11 points in February, and the present-situation index, which measures consumers' opinions on current economic conditions, plunged to its lowest level in 27 years. "People are scared," says Herzberg. (See the worst business deals...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

...assets are managed, how the real estate performs, and, if all else fails, a reinsurance contract. He says the 20% premium fee will be placed into an investment trust and actively managed over the eight year period. He says he has two banks, Wells Fargo and Credit Suisse, on board to manage the assets and even lend money against the home in year eight if needed. On top of that, he says talks are underway to bring in a reinsurer. "The reinsurers' job is to step in at the end of the day and make up any shortfall should there...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

...this organization," said Reuss. "For the last three months our results have been on par with the industry. But I would have to say we have to accelerate our success in North America." Reuss also acknowledged that some of the pressure to get things done faster comes from the board of directors, led by former AT&T chief Ed Whitacre, who is settling into his role as GM's chief executive, and Wall Street veteran Steven Girsky, the UAW's choice for a seat on the board, who is now in charge of GM's strategic planning...

Author: /time Magazine | Title: For GM, It's Two Steps Forward, One Step Back | 3/4/2010 | See Source »

Samuel E. Asher and Dina D. Pomeranz are Ph.D. candidates in the Department of Economics at Harvard. Melanie  L. Harris is a student at the Harvard Extension School. They are the Board of J Street U Harvard...

Author: By Samuel E. Asher, Melanie L. Harris, and Dina D. Pomeranz | Title: LETTER | 3/4/2010 | See Source »

...draws on the board and interacts with the students. I teach biology so she plays with the skeleton,” Velez said. I’m teaching [Invertebrate Systematic] this semester and so we get live animals like tarantulas. Today she was playing with a leech...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: GSAS To End Daycare Stipend | 3/4/2010 | See Source »

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