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Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania, says the Fed's actions this week - effectively lending a trillion dollars into the financial system - may have a more dramatic immediate impact. "Given what the Fed is doing now, I wonder if we even need the $700 billion,"Siegel says. If the Fed and Treasury steps turn out to be effective, the market could turn the corner sharply. The most dramatic growth in U.S. stock market history took place between 1932 and 1933, out of the depths of the depression...

Author: /time Magazine | Title: Why the $700 Billion Isn't Helping | 10/7/2008 | See Source »

Francis Sullivan has no idea what she is going to do. Her house is a total loss. She has few clothes, just $38 in food stamps, and her Social Security pension, but she has few complaints. The National Guard charged her cellphone. The Salvation Army has fed her. Meanwhile, Texas state agencies have received over 600,000 requests for various forms of assistance and support from victims of the storm...

Author: /time Magazine | Title: In Storm-Ravaged Galveston, Echoes of New Orleans | 10/6/2008 | See Source »

...opening half the Crimson was whistled for violations close to Brown’s goal, and twice a Harvard shot skidded just wide of the net. In the waning moments of the half, the Crimson finally broke through. Harvard gained possession off of a Bears turnover and fed the ball ahead to McVeigh and McCoy. The two sophomores passed back and forth on a breakaway before McCoy crossed the ball from the left side to McVeigh who gathered it in front of the goal. The forward tapped the ball into the right corner for her third goal in four games...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: Solid All-Around Effort in First Road Win | 10/5/2008 | See Source »

...wording of the French proposal may sidestep this issue altogether. A more nuanced request to protect the small businesses—tiny charcuteries, family restaurants, cheese makers, rare turnip producers—that make the well-fed-village atmosphere of France possible may underlie the media’s sensationalized version of the proposal...

Author: By Rebecca A. Cooper, CONTRIBUTING WRITER | Title: Is Justice Blind and an Aguesiac? | 10/3/2008 | See Source »

...Israel will have no direct access to the data collected by the radar, which looks like a giant taco. It will only be fed intelligence second hand, on a need-to-know basis, from the Americans - unless the radar picks up an immediate, direct attack on Israel, Israeli sources claim. And Israeli officials expressed concern that the radar's installation may anger Moscow, since its range will enable the U.S. to monitor aircraft in the skies over southern Russia. When the U.S. stationed anti-missile radar and interceptor systems in Poland and the Czech Republic - ostensibly directed at a future...

Author: /time Magazine | Title: Israelis Wary of a US Radar Base in the Negev | 10/2/2008 | See Source »

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