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...Others seem to be coming around to the banking industry's position. On Tuesday, Federal Reserve Chairman Ben Bernanke said he would support changes in pricing illiquid assets. Also this week, investor Warren Buffett said in a CNBC interview that he would favor suspending the mark-to-market rules. Even the Securities and Exchange Commission (SEC), which has long backed these rules, recently asked the Financial Accounting Standards Board (FASB), a private group based in Norwalk, Conn., that sets accounting rules in the U.S., to look into the matter. FASB spokesman Neal McGarity says his organization is doing that...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

Harvard is still in the process of phasing out its own biology and biochemical sciences concentrations, which the Faculty voted to eliminate in favor of six more specialized fields in the spring...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: FAS Approves New Life Sciences Concentration | 3/11/2009 | See Source »

...Although conditions have improved drastically since the Kosovo War in 1998-9, it is clear that the stabilizing force of EU membership is the only way to normalize relations between the two countries. The EU must immediately take a strong stand in favor of admitting the Balkan nations, including eventually Serbia and Kosovo, if the scars from centuries of ethnic and political conflict in the region are ever to be healed...

Author: By Ellen C. Bryson | Title: Give the Balkans a Chance | 3/11/2009 | See Source »

...Jerusalem,” this track addresses the heavy subject of Middle Eastern politics. But unlike that uplifting peace anthem, this seems a forlorn meditation, full of loss rather than hope. Melancholy pervades the album’s love songs as well. Sexiness and whimsy have faded in favor of mournful strains and cooing. On “Education” Mirah sounds more jaded, and a little less fun than in the past. On “The River” she sings, “tears so thick like glue they drip and build castles slow...

Author: By Cora K. Currier, CRIMSON STAFF WRITER | Title: Mirah | 3/11/2009 | See Source »

Tokaji, sheltered by the foothills of the Carpathian mountains, has a singularly balmy microclimate. Long, warm autumns combined with the humidity of the Bodrog and Tisza Rivers favor the development of noble rot - much as in Sauternes. Unsurprisingly, the French have a presence in the region. AXA Millésimes - the winemaking subsidiary of the AXA insurance company - is behind Disznókó, the largest and arguably the most forward-looking single-estate Tokaj producer. The label is pioneering a fresher, crisper, more elegantly structured and less oxidized style of Tokaj that ages better in the bottle. Aymeric...

Author: /time Magazine | Title: The Sweet Sensation of Hungary's Tokaj | 3/11/2009 | See Source »

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