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...linked to U.S. mortgages - that banks around the world still have on their books. In its latest estimate this month, the International Monetary Fund (IMF) calculated that losses on these now virtually worthless securities could amount to $1.4 trillion. So far, banks have written off less than half that. Concern about who is still holding dud paper has gummed up credit markets, with banks refusing to lend to one another for fear that the borrowers may default or may have themselves lent to other banks that could default. That in turn is causing solvency problems for some financial institutions that...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

After another Cecil Group consultant finished the night’s presentations with a talk on sustainability, residents expressed concern about the gap between espousing green principles and putting them into practice...

Author: By Nan Ni and Vidya B. Viswanathan, CRIMSON STAFF WRITERSS | Title: City to Revamp Barry's Corner | 10/8/2008 | See Source »

...because of her resemblance to the teacher/stripper in Varsity Blues—it’s just the consequence of some childhood trauma that I’ve repressed. But what I can’t live with is not knowing what Sarah Palin thinks about dinosaurs.My concern probably would not have manifested itself had it not been vocalized by 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...

Author: By Steven T. Cupps | Title: Palintology | 10/8/2008 | See Source »

...desire to reach a solution, in an appearance at the Kennedy School yesterday. Tibetan and Chinese officials are preparing to enter the eighth round of negotiations on the status of Tibetan political authority at the end of this month. But, with restrained responsiveness from Communist Party representatives, Gyari expressed concern over whether the ongoing discussions would lead to an equitable solution. “In the absence of serious and sincere commitment on [the Chinese] part, the continuation of the present dialogue process would serve no purpose,” he said. Gyari has served as the head negotiator...

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: Tibetan Envoy Calls for Talks | 10/8/2008 | See Source »

Style: Clearly more confident talking to voters in his cherished town-hall format than standing behind a podium. Authentically displayed feel-your-pain concern over the economy, in a smoother manner than usual. But while he held the audience's attention with his answers and theatrics, he distractingly and conspicuously scribbled notes when Obama had the floor. His errant reference to Obama as "that one" probably jarred some viewers. Bottom line: with his rival in the lead, the Republican nominee was forced into aggression and antagonism but often flirted with the desperate and negative...

Author: /time Magazine | Title: Debate Report Card: John McCain | 10/8/2008 | See Source »

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