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...turmoil in the mortgage-backed-securities market. But Geithner's view prevailed that week with his boss, Ben Bernanke. A few weeks later, the Fed slashed its key interest rate by half a percentage point, and soon it was trying to figure out other, less conventional ways to deal with the growing crisis in the global credit markets. It has been frantically trying to contain that crisis ever since...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

With the change in federal administration imminent, Seidel said he was confident that the new administration will “respond to our resolution and will respond to the conflict with a great deal of energy and creativity and determination” although he added that whether Obama’s administration would be successful in bringing an end to the conflict “is not clear...

Author: By Anita B. Hofschneider, CRIMSON STAFF WRITER | Title: Cambridge Council Votes on Gaza | 1/13/2009 | See Source »

...Gross said.But Wissner-Gross said that he was accurately quoted by the Sunday Times as saying that “a Google search has a definite environmental impact.”He added that “Google operates huge data centers around the world that consume a great deal of power.”The Sunday Times also claimed that the search engine consumes more energy than the average because it prioritizes speed over energy savings.“The system minimizes delays but raises energy consumption,” the Sunday Times wrote.However, Hölzle?...

Author: By Ellen X. Yan, CRIMSON STAFF WRITER | Title: Fellow Caught Up in Media Controversy | 1/13/2009 | See Source »

...Obama’s immutable “hope” than his actual agenda. Indeed, despite the unique confluence of a crashing economy and a vice presidential opponent who provided day after day of material for SNL, it is hard to deny that Barack Obama owes a great deal to his messianic, “presidential” persona...

Author: By Sean R. Ouellette | Title: Idolatry and Ideology | 1/13/2009 | See Source »

...confirmation hearings are expected to cover much of the territory Clinton will likely have to deal with early in her tenure. Senator Richard Lugar, the ranking Republican and a mentor of sorts to Obama, is particularly interested in containing Russia's bad behavior in the countries of the former Soviet Union. Democrats will ask Clinton about plans to withdraw from Iraq, close Guantánamo Bay and boost troop levels in Afghanistan. Junior Republicans, like Lisa Murkowski, will ask about regional issues, like the U.S.'s role in the Arctic...

Author: /time Magazine | Title: Clinton's Senate Hearing Is First Diplomatic Test | 1/13/2009 | See Source »

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