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...balance sheets and lending will simply be a waste of money. There is no entirely convincing argument that helping worthy people who cannot pay their mortgages with their home loans will stabilize the housing market. The Fed's plan to buy as much as $300 billion in Treasuries may bring down interest rates, but that will not automatically cause businesses and consumers to borrow money and restart the spending cycles that, to some extent, caused the current financial crisis...
...matter how painful it may be. The second group wants to see the unimaginable after effects of years of leverage taken as one mammoth typhoon, hoping that it will only last a few quarters, blow itself out, and allow the resulting low cost of labor and commodities to bring the economy back...
...Before the subprime mess began, no one talked about the danger that mortgage derivatives posed to banks. Now, there is not much talk about what could bring the banking industry to its knees again. That talk has gone away and been replaced by a childish hopefulness that decades of overleveraging can be fixed by a few months of losses and hundreds of billions of dollars in government...
Despite such criticism, dollmakers remain unfazed. Peter Laudin, owner of the New York-based Pattycake Doll Company, says offended parents bring their own prejudices to the dolls, perhaps because of their personal difficulty accepting a child's situation. "Nothing we respond with satisfies their hurt," he says. But for kids who receive the dolls, that's beside the point. "Children love all dolls unconditionally whether it's special needs or not," Laudin says. Retailers hope adults share that openness...
...large team format as college revelations. “Those three things, along with interactions with the coach really worked well, and we both dropped significant times.”As much as the Jones brothers gained from Harvard swimming, they also gave back to the program, bringing infectious dedication and intensity to the pool.“There’s an inherent competitiveness [between Dan and Bill],” head swimming coach Tim Murphy says. “When they went against each other, they always raised the bar for everyone else. It added to our competitiveness...