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That is only one element of the tricky undertaking that begins now for Paulson. For all the equity markets' sanguine response to the Hill, the credit markets are still seizing up. The process by which Paulson will actually use the $700 billion to buy the bad loans remains more than...

Author: /time Magazine | Title: The Bailout Deal: Will It Fly in Congress? | 9/28/2008 | See Source »

Over the weekend, leaders in Washington reached a tentative agreement on a government rescue strategy for the fraught U.S. economy. After intense, partisan negotiations, the core proposal of Secretary of the Treasury Henry M. Paulson’s original $700 billion bailout plan remains largely intact. Originally conceived and announced...

Author: By The Crimson Staff | Title: Secure Our Securities | 9/28/2008 | See Source »

But with any large sum of money comes the necessity that these funds are handled deftly and with the best interests of students in mind. This issue is particularly pertinent in a case like this—where a significant amount of additional funding could go to HoCos. This money...

Author: By The Crimson Staff | Title: Fundamental Gain | 9/26/2008 | See Source »

Five young men in sneakers and jeans troop into a waiting room at the National Institutes of Health Clinical Center in Bethesda, Md., and drape themselves all over the chairs in classic collapsed-teenager mode, trailing backpacks, a CD player and a laptop loaded with computer games. It's midafternoon...

Author: /time Magazine | Title: What Makes Teens Tick | 9/26/2008 | See Source »

A lesser known detail is that many years went by before we were actually able to fund the $10 million prize for the X-Prize. When we envisioned Space Adventures and the X-Prize, we thought basically the X-Prize would get the ships built, and then Space Adventures would...

Author: /time Magazine | Title: Space Tourist Richard Garriott | 9/25/2008 | See Source »

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