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...small-business owner, Freeborough has already felt the pinch of a tightened credit market. She'd like to expand her service department from four bays to 10. But her lender was a tad leery a few months ago about extending her credit. "I had so much else going on at that time, I held off," she says. "Now I'm thinking I should have just done it then. I am worried I won't be able to get a loan for it, and that will pull my business back." She says that even if car sales slump further, people still...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...consumer," says Kirby Daley, senior strategist at Newedge Group, a financial services firm based in Hong Kong. Nor can a bailout replace all the liquidity that has evaporated from global financial markets, which made it cheaper for companies to borrow money to build new factories, buy new equipment or expand into new territories. "We will never return to those levels of liquidity," Daley says...

Author: /time Magazine | Title: Asian Markets Tremble But Hold Up | 9/30/2008 | See Source »

...bailout replace all the liquidity that those complicated mortgage-backed securities unleashed into the world's financial markets, making it easier for companies to borrow money to build new factories, buy new equipment or expand into new territories. "We will never return to those levels of liquidity," Daley says...

Author: /time Magazine | Title: World Markets React with Caution to US Crisis | 9/30/2008 | See Source »

...Harvard Landscape Services plans to apply this treatment to all of Harvard Yard in the upcoming year, according to Wayne P. Carbone, the director of Harvard Landscape Services who tends the plots with his crew. The goal is to make all of Harvard fully organic within three years and expand the organic landscape management into other parts of Cambridge. The project was conceived by GSD professor Michael Van Valkenburgh, who came up with the idea as he strolled through the Yard last spring with University President Drew G. Faust. “She asked me what the one thing...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Yard Makeover Features Compost | 9/30/2008 | See Source »

...discipline everyone needs. That's a pretty good template for the challenges ahead, like energy independence and entitlement reform. As a Senator, McCain has a long record of taking hard positions and ignoring party orthodoxy in the hunt for common ground. Obama, meanwhile, has claimed that he can expand the concept of citizenship to include more than casting a ballot every so often. But neither one dug in this time to explain why this bailout was necessary and why people needed to swallow hard and accept it, most notably when they were given the opportunity during last Friday's debate...

Author: /time Magazine | Title: The Candidates' Test of Leadership | 9/30/2008 | See Source »

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