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...Treasury staff was informed about the new bonuses in a Feb. 28 memo that the March 15 [bonus-payment] date was upcoming," a Federal Reserve source tells TIME. A Treasury Department source, speaking on background, confirmed the e-mail memo and its contents, saying, "Everybody knew that [AIG] had a retention issue." (See the top 10 financial collapses...
...GULUS EMREHe’s a Harvard grad with an M.D., a Master of Philosophy, and a certification in clinical hypnotherapy. But Alex Benzer ’93, author of “The Tao of Dating for Men” and “The Tao of Dating for Women”, just wants to help you find “the middle path.” FM chatted with Benzer about dating, dropping the H-bomb, and picking up the phone for Mom mid-makeout. 1. Fifteen Minutes: What compelled you to write your books and articles about...
...Faculty enthusiasm remains low and Harvard’s resources diminish, the fall 2009 launch date looms. The Gen Ed program now appears more difficult to implement than the Faculty may have anticipated...
...date the most expensive corporate bailout in American history, requiring $180 billion in government funds. But it may soon have competition. Last week mortgage giant Freddie Mac said it had lost $50 billion in 2008 alone. A look at the company's books suggests the government will have to spend at least triple that much to save the financial firm from collapse. If the housing market worsens, the tab could be even larger...
...date for Madoff victims will be Dec. 31, 2007, according to Tipograph, the starting point for the theft loss calculation and not the partial year balance of 2008. Madoff was arrested on Dec. 11, 2008 and many victims received statements only through Sept...