Word: credits
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...Photo Credit: Titus Jahng/The Crimson
...that handles much of the day-to-day business of the Tenenbaum case meets weekly in Nesson’s fifth-floor office in Griswold Hall, nestled just behind the Law School’s formidable Langdell library. There’s five of them officially, drawing spring course credit for the 10 to 15 hours a week they are expected to devote to the “RIAA clinical.” But the retinue that composes team Tenenbaum is a bit bigger than that, extending to include the undergraduate Meister, a couple of interested first-years...
...that three months of supervisory scrutiny of the country's top 19 banks hasn't produced some grim news. If the economy dropped to Depression-era levels of unemployment and credit shrinkage, according to the Treasury and the Federal Reserve, those firms could lose nearly $600 billion by the end of 2010, on top of the $350 billion they've already lost since mid-2007. Bank of America needs nearly $33.9 billion in new capital, Wells Fargo needs $13.7 billion and Citigroup needs $5.5 billion. Altogether, 10 of the top 19 need $74.6 billion in additional capital...
...three months after he rolled out his bank-rescue plan to disastrous reviews, Geithner, with help from Ben Bernanke and others, has bolstered the confidence of the banks, Congress, the stock market and much of the country. In an economy that runs on credit, that's half the battle. (See pictures of the dangers of printing money...
...Tata officials say they expect demand to be strong, even though India's once-booming real estate market has been deflated by a slowing economy and the global credit crunch. India has a shortage of 24.7 million dwellings in its major cities, according to a recent joint study by McKinsey and the Federation of Indian Chambers of Commerce. Housing shortfalls are exacerbated by migrant workers streaming into many cities who are forced to live in slums made up of shanties lacking basic amenities like sanitation and running water. Roughly 70% of India's 1.2 billion people live on less than...