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...hold a special place in the government's heart because it bought Countrywide and Merrill Lynch at times when a public bailout of those companies could have caused the credit system angina. With Congress and watchdog agencies watching how the Treasury and Fed are using their thinning cash reserves, B of A will not be getting any sympathy or special dispensations from regulators...

Author: /time Magazine | Title: Bank of America Needs to Play Its Merrill Card | 5/6/2009 | See Source »

...awarded the fellowship, will continue her work as a coordinator at a youth center in Dorchester after graduation. In addition, Alyssa M. Aguilera ’08-’09 and Valonda J. Harris ’09 received the Stride Rite Senior Recognition Prize, a cash award given to students who have demonstrated consistent contributions to public service in their undergraduate careers. Last year, seven of these awards were distributed. Corbin began the event by recognizing about two dozen outstanding seniors, but asked the audience to only acknowledge these students’ achievements in spirit because fewer monetary...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: PBHA Gives Annual Awards | 5/5/2009 | See Source »

...Just as alarming amid falling confidence: lower levels of trust in banks make customers more likely to yank their money, according to the survey. More than a tenth of those polled said they'd done just that during the crisis, preferring instead to keep their cash at home, despite the obvious dangers of doing...

Author: /time Magazine | Title: What Banks Are Still Missing: Trust | 5/4/2009 | See Source »

...built it without any solid contracts," says Mike Carpata, a forester with the Bureau of Indian Affairs, as he shopped for reloading supplies at Lammer's Trading Post, where locals and members of the Crow Tribe come to buy guns and ammo, beading supplies, or to sell for quick cash their saddles, buffalo robes and beaded-buckskin ceremonial costumes. But others remain supportive of the jail project - and the enterprise of the town's administrators. The store's fourth-generation owner, George Lammers, noting the drastic difference between subtropical, humid Gitmo and dry, wintry Hardin, says, "This place would...

Author: /time Magazine | Title: The Montana Town That Wanted to Be Gitmo | 5/3/2009 | See Source »

...However, with cash-strapped municipal and regional governments in the dark about how much Sarkozy intends to contribute to the effort, most are expected to come in with pretty stingy contribution proposals - something likely to provoke a return of Sarkozy's authoritarian tone. The sparks that fly over money will be nothing, though, compared to the battle those same local leaders will likely put up when they realize they're bound to lose most of their power to a Greater Paris so enormous it will doubtless be administered by a new super-entity - possibly an organ of the state...

Author: /time Magazine | Title: Sarkozy's Big Plans for a Greater Paris | 5/3/2009 | See Source »

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