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...moment, at least, taxpayers can relax about that imposing figure. Whether it's donor fatigue or anger that the Big Three to a large extent brought this upon themselves, there simply isn't the political will in Washington to pass a comprehensive rescue plan. When they returned to Congress last week to plead for help, the automakers asked for $34 billion in order to avoid bankruptcy. Most economists agree that if even one of the Big Three - Chrysler, General Motors or Ford - were to file for Chapter 11, it would have a potentially crippling cascade effect on the economy...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

While a global financial crisis underscores the vulnerability of the University’s coffers, “belt-tightening” has become an administrative catchphrase—but departmental leaders say that confusion over the precise nature and extent of cuts will remain until top administrators offer more specific information...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Faculty Awaits Budgeting Specifics | 12/9/2008 | See Source »

Several professors, including Edwards, indicated yesterday that they had not yet read the letter, but that they were not taken aback by the measures it outlined, given the extent of the financial crisis...

Author: By Christian B. Flow and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: FAS Freezes All Faculty Salaries, Cuts Searches | 12/9/2008 | See Source »

...dorms with fancy names and arbitrary traditions is the devotion of house members. In typical Harvard fashion, students often invest massive amounts of time and energy in their houses—from House Committees to intramural sports to house events to random displays of house pride. Although the extent certainly varies from house to house, it is safe to say that all houses contain groups of people who actively participate in house life...

Author: By Marina S. Magloire | Title: House and Home | 12/9/2008 | See Source »

...years. “We’re living now in an era of mass incarceration, and this era has produced a generation of enduringly disadvantaged young African American men,” he said. “The growth of the penal system more broadly has expanded the extent of wrongful conviction and of unwarranted racial disparity.” Western attributed the acceleration of incarceration rates to a “historic collision” of two forces: the shift of the criminal justice system from rehabilitative to punitive and unemployment problems that have arisen in the inner...

Author: By Teresa M. Cotsirilos, CONTRIBUTING WRITER | Title: Exonerated Prisoners Recall Injustice Behind Bars | 12/8/2008 | See Source »

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