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...controls large swaths of the economy, as superior to their laissez-faire counterparts. Columnist Joshua Kurlantzick wrote that these countries "have proven so successful that even before the crisis they caused world leaders to wonder if democratic capitalism might not be the best economic model after all." Americans, some contend, are only now waking up to the inherent dangers of the free market. As one Chinese blogger recently wrote: "The U.S. has realized the mistakes they made, and is learning from China's socialist experience in earnest." (See pictures of the global financial crisis...

Author: /time Magazine | Title: Why Government Intervention Won't Last | 11/25/2008 | See Source »

Plus, there's market psychology to contend with. The jittery stock market isn't about to calm down anytime soon, and those jitters apply doubly to financial institutions. Moreover, during the past two decades Citi has made some hundred acquisitions, leaving a sprawling company that can be incredibly difficult to understand. "The market lost confidence that Citigroup, which is such a vast organization, had it all under control," says NYU's Smith. "The question is, Does this intervention restore confidence to a market where we're dealing with psychology and not analytics?" In this environment, it probably pays...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

...this team.”Two other healthy players that will need to step up are junior guards Jeremy Lin and Dan McGeary. This game is a homecoming of sorts for McGeary, who played for UNH his freshman year before transferring to Harvard. He and Lin will need to contend with the Wildcats’ talented senior backcourt of Eric Gilchrese and Tyrece Gibbs. That duo scored 21 and 18 points respectively in UNH’s first game of the season, a 101-50 win over Suffolk. a result that would look more impressive if the opponent wasn?...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Harvard Heads North | 11/19/2008 | See Source »

There are two versions of what happened next. One camp says Treasury Secretary Paulson then decided not to back the plan after all. Other sources on the Hill and elsewhere familiar with the debate say Paulson supported the plan, but the White House killed it. Democrats contend that the White House is clamping down on Paulson's previous willingness to do big, expensive interventions. The Treasury Department declined to comment, but the senior official dismissed the talk of White House-Treasury battles as "stupid." Paulson may get grilled on the fight over the FDIC mortgage plan during his appearance before...

Author: /time Magazine | Title: Congress Returns — and So Do Economic Fissures | 11/17/2008 | See Source »

...they can’t win the whole thing by themselves. To get their younger teammates ready to contend for the championship, the three seniors have been working hard to set positive examples and get their teammates up to speed on all things team-related...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: BASKETBALL '08 SUPPLEMENT: Three To Lead | 11/13/2008 | See Source »

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