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...that since the pump-priming EFF was launched with an initial purchase of C$25 billion in government-backed mortgages in October 2008, there is nothing to suggest it has made any progress toward achieving its stated objectives. To be fair, about C$40 billion has been spent to date, but Canadian banks are just sitting on the new cash like the proverbial goose. "There is no evidence of more credit becoming available," says analyst Michael Goldberg with Toronto-based Desjardins Securities Inc. "In fact loan growth in the economy is slowing...

Author: /time Magazine | Title: What Obama Can Learn From Canada on Bank Bailouts | 2/19/2009 | See Source »

...Crimson is victorious against the Big Red, it will most likely face a very challenging second-round date with Yale, Princeton, or Trinity, all teams that Harvard fell to earlier in the season...

Author: By Jessica L. Flakne, CONTRIBUTING WRITER | Title: Crimson Competes For National Title | 2/19/2009 | See Source »

...time of economic uncertainty, it remains unclear whether eligible staff workers will opt to leave their jobs. Choosing retirement would have a certain finality: those who leave under the plan will not be eligible for re-employment with the University for at least one year from the date of retirement, according to the package...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Harvard Staff Wrestle With Buyouts | 2/19/2009 | See Source »

Once an "all-weather friend," China stood with Pakistan during its old confrontations with India. Ties between the two countries date back to 1950 after Pakistan joined a small handful of nations in recognizing the communist People's Republic of China. In 1962, war broke out between China and India over the disputed Himalayan border region, further aligning China and Pakistan in the name of a common enmity toward India. Since then, Beijing has often offered its support to Islamabad in the way of economic assistance, but also with no-strings-attached military aid and support to Pakistan's nuclear...

Author: /time Magazine | Title: Pakistan and China: A Fraying Friendship? | 2/19/2009 | See Source »

...original launch date was slated for Jan. 29 in the space that was once filled by Boston Chowda, nestled between Ben & Jerry’s and Lê’s Vietnamese Restaurant...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Subway Debuts After Construction Delays | 2/18/2009 | See Source »

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