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...even clear how Geithner would run such a complicated sale. Previously he talked about using an auction or a reverse auction (in which sellers bid prices lower to attract buyers). Now Administration officials say they may just expand a new program run by the Federal Reserve. That program, the Term Asset-Backed Securities Loan Facility (TALF), is designed to spur consumer lending by stimulating sales of securitized consumer loans. The New York Federal Reserve has had to extend the application period because of market qualms, though Talbott says interest is building...
...July move, Sullivan said he hopes to absorb as much as possible about Winthrop House culture over the next three months. He and Robinson, who is a lecturer at the Law School, said they plan to be active on all fronts of House life, adding that they hope to expand opportunities for undergraduates to connect with the larger University community—in particular, with their colleagues at HLS.Sullivan said his and his wife’s administrative experience will be brought to bear as House Masters. And although the two are only the second House Master appointments from...
...said students will also be able to take advantage of new opportunities in alternative energy and other 21st century industries. Malcolm R. Rivers ’09 said he views the shift away from finance and consulting as a somewhat positive phenomenon, as it has forced people to expand their options and discover passions that they may not have otherwise realized. Rivers will work for Teach for America next year, a path that an increasing number of Harvard students have taken. “It’s interesting to see how the [culture of Harvard] has changed...
...Shanda also expects to tap into China's increasing trend of cell-phone reading and has a social-networking site in the pipeline to try to build a steady user base. Still, Hou realizes that to expand readership further in the long term, it may not be enough to rely solely on amateur writers and their largely similar tomb-raider or martial-arts novels. "We have been in talks with big-name writers like Yu Hua as well," says the CEO. "We will be much more comprehensive than...
...think this is the latest, depressing tidbit from the historic real estate bust in the United States, think again. The other former global growth engine - China - which saw its own real estate bubble expand in the last five years, has now got its own property market problems - and they're intensifying. (See pictures of Beijing's changing skyline...