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Dates: during 2000-2009
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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...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...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...

Author: By Victor W. Yang, CRIMSON STAFF WRITER | Title: Slumping Economy Hits Job Recruiters | 3/16/2009 | See Source »

...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...

Author: /time Magazine | Title: Avoiding Censors, Chinese Authors Go Online | 3/16/2009 | See Source »

...legal cases against all the inmates of Camp Bucca. Some 7,000 files have been reviewed, with another 3,000 expected to be completed by May. About 2,400 detainee cases are in the Iraqi court system right now. The U.S has largely succeeded in persuading Iraqi judges to expand the rules of evidence to include forensics such as bomb residue and fingerprints, rather than just the traditional requirements of two witness statements or a confession to secure a conviction. As a result, conviction rates have skyrocketed, from about 30% in October, to over 90%, according to Quantock...

Author: /time Magazine | Title: In the Waterfront: The U.S. Prison for Iraq's Worst | 3/15/2009 | See Source »

...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...

Author: /time Magazine | Title: China's Own Version of the Real Estate Bust | 3/15/2009 | See Source »

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