Word: effective
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...some critics, however, the efforts by Paulson and Bernanke look erratic and piecemeal, a constant dash from one fire to the next. And even Treasury officials are keeping a sober perspective about the effect their moves can have on a system as panicked as Americans' is. "This isn't going to be the new Treasury program that saves the world," says department spokeswoman Michele Davis. "That's not going to happen." But there is a unifying theme that explains much of what the big brains at the Fed and Treasury have been doing. And the efforts this week fit with...
...work. But once we had the game on, it was worth the slight bruising: the colors were sensational and bright; the players, larger than life. I had lugged a pair of speakers up from the basement and connected them to my sound system for the full surround-sound effect, so when the band struck up the Michigan fight song ("Hail! to the victors valiant/ Hail! to the conqu'ring heroes"), Dorfman, an alumnus, brushed away a tear. Emboldened, I marveled at the superior picture quality. "Supposedly, the reds are redder," I said, pointing at the ruby ESPN logo...
...action was carefully coordinated for maximum effect. First came an early-morning announcement by the British government that it had crafted a $90 billion rescue package for its banks. Then five central banks from around the world, including the two big ones - the U.S. Federal Reserve and the European Central Bank - announced a cut in interest rates. Jean-Claude Trichet, president of the European Central Bank, described the cuts as an "important mark of confidence" that showed an "intimate cooperation" among monetary authorities around the world. Under normal circumstances, such measures would have bucked up moods and stock prices...
...universities serve the public good through their research and the community services they provide. Moreover, for schools with endowments smaller than that of Harvard, every donation is crucial to the growth of the institution and any move by the IRS to tax donations to universities would have a devastating effect on the educational landscape of this country. While schools with larger endowments might be able to weather such a change in policy, the inevitable disappearance of smaller schools would result in more limited access to higher education in the United States. The harm that would be caused by the removal...
...penultimate presidential debate, a new TIME/CNN poll shows John McCain still struggling in states won by George W. Bush in 2004, a sign that last week's vice-presidential debate had little effect on voter opinion...