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...told him that the entire B of A board would be dumped if the bank backed out of a deal to buy Merrill Lynch. Passing the blame, Paulson claimed he was merely doing the dirty work of Fed chief Ben Bernanke. Bernanke has tried to distance himself from the event. The press has used the story to paint a picture of Bernanke as a ferociously determined leader. He has instantly earned a new respect in the financial community where he had been considered an egg head and milquetoast. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Waterboarding Of Ken Lewis | 4/24/2009 | See Source »

...same set of problems until the Japanese financial house Mitsubishi UFJ agreed to honor a commitment to put $9 billion into the U.S. investment firm. Whether their presumption was right or not, it appears that Paulson and Bernanke believed that a failure at Merrill could have been an event worse than the banking catastrophes of the 1930s. This will remain an unanswered question. Would the common equity value of America's largest financial firms have gone to zero in a matter of days if Merrill had gone bankrupt? Would bondholders have suffered huge losses? Would the trouble have spread...

Author: /time Magazine | Title: The Waterboarding Of Ken Lewis | 4/24/2009 | See Source »

...making music together,” Malcolm says. Graham, who is diagnosed with Down Syndrome, has been playing piano since childhood. This Sunday, he and Malcolm will both perform in the Down Syndrome Awareness Seminar and Concert, which will take place in the Adams House Lower Common Room. The event, which celebrates the passions and talents of individuals with Down Syndrome, will feature Campbell, who is a jazz pianist, as well as his brother Graham and Katharine Breunig, who also has Down Syndrome. Graham Campbell, now 22, has been playing piano since the age of 8. He also arranges popular...

Author: By Mark A. Fusunyan, CONTRIBUTING WRITER | Title: Down Syndrome Concert | 4/24/2009 | See Source »

...first Annual Freshman Spelling Bee. With former Howard Scripps National Spelling Bee Champion George A. Thampy ’10 presiding as emcee, spellers and audience members gathered for a night of pizza bagels, french fries, and multisyllabic words. The Freshman Dean’s Office-organized event was an intramural competition that attracted 22 freshman spellers who had the chance to bring 100 points and glory to their respective dorms. According to Thampy, the competition included words that were accessible to spelling neophytes and more obscure words intended to pose a challenge to more advanced spellers. The competitors were...

Author: By Derrick Asiedu, CONTRIBUTING WRITER | Title: Freshmen Face Off at the Queen’s Head | 4/24/2009 | See Source »

Harvard’s Recycling and Waste Manager won an annual Environmental Merit Award from the U.S. Environmental Protection Agency’s New England divison today at its Earth Day celebrations in Boston. At the event, presenters highlighted Robert M. Gogan, Jr.’s commitment to recycling at Harvard, a cause he has championed for over a decade and a half. The program specifically cited Gogan’s efforts to distribute reusable office supplies and furniture to non-profit organizations such as Habitat for Humanity. It also mentioned Harvard’s annual Valentine?...

Author: By Alexandra L. Perkins, CONTRIBUTING WRITER | Title: Waste Manager Wins EPA Award | 4/23/2009 | See Source »

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