Word: crediteers
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...betting that it won't--and investors from around the world are letting us get away with it by continuing to buy U.S.-government debt. We will, however, eventually have to shape up. Consumers must pay down their credit cards, and the country must pay down at least part of its debt. "Some of the painful adjustments that are taking place are not avoidable," says David Blankenhorn, founder and president of the Institute for American Values, a New York City think tank that for the past few years has made an obsession of thrift. "Wringing debt out of our economy...
...existing consumer- and business-lending program will be expanded through a new initiative that will leverage up to $1 trillion to unfreeze credit and rekindle moribund secondary lending markets...
...Crimson was lucky to get the monkey off its back and break its recent slide when it did—at home against measly Brown. To his credit, coach Tommy Amaker made a good call in switching to a more pressing defense in the second half, and he said he didn’t panic at halftime...
...least—but the iPod never goes away.The students of this music class are more likely to study Bob Dylan and Michael Jackson than Beethoven and Mozart. In fact, Backstreet Boys is on the syllabus too.“How Songs Work” is a non-credit seminar led for the first time this Spring by Adams House resident songwriter and tutor, Matthew J. Coriel ’05. The class meets every other Monday in the Coolidge Room of Adams House. Over the course of six seminars, Coriel hopes to give students the tools necessary to appreciate...
...final bill comprises about 35% in tax cuts and 65% in spending, including more than $150 billion for infrastructure projects. The conferees removed $68 billion in business tax cuts that would have let companies write off recent losses, and a home-buyers' credit of $15,000 was reduced to $8,000. A provision to help car buyers write off their interest payments was also reduced, to $2 billion from $11 billion. The bill does include a $70 billion annual Alternative Minimum Tax relief patch to prevent millions of middle-class Americans from getting penalized by a measure that was originally...