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...Monday, Sept. 29, when it was clear that Wachovia, the enormous U.S. bank, couldn't open its doors to customers due to a lack of funds, the board of the Federal Deposit Insurance Corporation (FDIC) voted for the first time since its creation during the Great Depression to take a "systemic risk exception" to the rules that usually limit what it can do. The exception allowed the FDIC to cover some of Wachovia's potential losses, enabling the bank's sale to Citigroup and its continued operation...

Author: /time Magazine | Title: US Bank Failures ... And Counting | 10/13/2008 | See Source »

Parker has been an integral part of CRI since its creation in 1985. He currently serves as a trustee and has been working on a committee to raise funds for the boathouse...

Author: By Emma R. Carron, CRIMSON STAFF WRITER | Title: New Community Boathouse Named After Harvard Coach | 10/10/2008 | See Source »

...touch precious—just a sappy soundtrack away from a literary criticism Hallmark moment—but it plays into Wood’s theory of fiction.If, as Wood suggests, fiction is a space between mimicry and invention, a “house,” then its creation depends on the writer’s ability to construct a framework in which truth or “lifeness” can occur. With his “Godlike powers of omniscience,” the novelist is able to outwit convention and makes his work approach the truth...

Author: By Madeleine M. Schwartz, CONTRIBUTING WRITER | Title: 'How Fiction Works' Works Just Fine, Thank You | 10/9/2008 | See Source »

...using college football bowl games to analyze inefficient matching in markets. Working with economists M. Utku Ünver and Guillaume R. Fréchette of Boston College and New York University, respectively, the researchers Roth compared the selection of teams for college bowls prior to and after the creation of a team matching system in 1992. The three professors developed the idea to study bowl games while Ünver and Fréchette were research fellows together at the Business School between 2002 and 2003. “Guillaume asked if there was a way to find...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Markets, By Way of The BCS | 10/9/2008 | See Source »

...second time around this wacky science experiment is colorful, distracting us from the fact that there’s little meaning behind it. Hues of orange and yellow make their first appearance and webbed trees interconnect. Man, this shit is deep. Not to say that Picon’s creation wasn’t selected as the official music video for Radiohead’s “Reckoner” for good reason. The aesthetic quality of the animation is impressive, but where’s the subtlety, Clement? One of the Aniboom Animation winners for Radiohead?...

Author: By Olivia S. Pei, CRIMSON STAFF WRITER | Title: POPSCREEN: Radiohead | 10/9/2008 | See Source »

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