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...burden of keeping the economy going on the Fed, and it responded by flooding the economy with liquidity. Under normal circumstances, it's fine to have money sloshing around in the system, since that helps the economy grow. But the economy had already overinvested, and so the extra money wasn't put to productive use. Low interest rates and easy access to funds encouraged reckless lending, the infamous interest-only, no-down-payment, no-documentation ("liar") subprime mortgages. It was clear that if the bubble got deflated even a little, many mortgages would end up under water - with the price...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...staff, and although he had previously been planning on attending college in Canada, the Crimson’s storied rowing program prompted him to consider spending his college years in the U.S. After competing in the 2004 Head of the Charles Regatta, Overington stayed in Cambridge for a few extra days, surveying the campus and Newell Boathouse. Although he enjoyed the classes he visited and the Cambridge atmosphere during the recruiting trip, it wasn’t until after he took a ride in head coach Charley Butt’s launch during a practice that Overington made...

Author: By Lucy D. Chen, CRIMSON STAFF WRITER | Title: Bowling them Overington | 10/17/2008 | See Source »

...goal is a living-and-learning environment that promotes both school spirit and responsibility to community among an increasingly diverse student body. Tactics include creating residential areas for first-years only, encouraging student-faculty interaction, extending orientation to full-term classes and hiring extra staff who plan activities like ice cream socials and watch out for strugglers...

Author: /time Magazine | Title: A Frosh New Start | 10/16/2008 | See Source »

...strip as unmistakably, repulsively bitter. Believe me, I practically chewed on that paper hoping that it would start tasting like something. But was I wrong to wish I could taste more?“Supertasters” are those who experience heightened sensations from food and beverages. They are extra sensitive to bitter tastes, textures, carbonation, and spice; tend to avoid foods such as spinach, broccoli, Brussels sprouts, and strong coffee; and often abstain from bitter beers and bold wines. They often refrain from eating rich and fatty foods because they dislike the sensation that slick, creamy foods leave...

Author: By Rebecca A. Cooper, CONTRIBUTING WRITER | Title: A Matter of Taste: The Super Palate Curse | 10/16/2008 | See Source »

...inflation from 2001 to 2007, the Senate and the White House repeatedly requested less money than they were authorized to pay for some of NCLB’s provisions. In addition, compliance with some of the act’s provisions, such as improving the quality of teachers, requires extra money that the government has not provided. Without the money necessary to attract capable teachers and administrators or pay for textbooks or classroom aids, even more modest proficiency goals may exceed the grasp of many struggling schools. Though the intense recession has threatened the amount of funding available to public...

Author: By The Crimson Staff | Title: Left Behind? Try a Slower Pace | 10/16/2008 | See Source »

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