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...Obama and Geithner may not be completely out of the woods even if they do force banks to sell their toxic assets. Some banks may be so deeply in debt that even the proceeds from the sales won't be enough to fill their capital needs. In that case, the stress tests may prove useful in another way. Geithner has only about $35 billion of TARP money left to plug the remaining holes for the 19 largest banks. After that, he has to go back to Congress for more money - at which point he'll need the stress tests...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

...three quarters. The firm would only indicate that revenue for the current quarter would be about flat with the last one. Intel also did not offer any evidence that the PC industry is beginning to do better or if companies were just ordering a few more chips to fill falling inventory. Intel's results are good news for the broader tech sector if PC companies are actually buying more chips because their product sales have increased. But, the Intel would not say as much. "Returning to normal seasonal patterns" is double talk...

Author: /time Magazine | Title: Intel and the PC World: The Investor Feels Betrayed | 4/15/2009 | See Source »

Paper is everywhere. Manila folders burst out of shelves in the publicity hallway, overflowing with press releases and reviews for past titles. Books fill the offices of the small three-story building. Clothbound volumes decades old press up against colorful editions published this year. Jacket covers hang on the walls in lieu of pictures.These people love books. Welcome to the Harvard University Press...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: A Pressing Situation for Books | 4/15/2009 | See Source »

...films. And yet we're channeling our grandparents, who were taught, like a mantra, to use it up, wear it out, make it do, do without. Now, if you can make it, you don't have to buy it: just replace the lawn with a vegetable garden, eat your fill and then store whatever is left. Sales of canning and freezing supplies rose 15% during the first three months of the year compared with the same period last year. Cough- and cold-remedy sales are down 9% because you can make your own chicken soup; vitamin sales are up, maybe...

Author: /time Magazine | Title: The Great Recession: America Becomes Thrift Nation | 4/15/2009 | See Source »

...excessive dependence on work is revealed by the worried speculation over how to fill time now that J-term courses are cancelled. Relying on university administration to provide fulfilling experiences suggests a feeble lack of self-sufficiency. Similarly, demands for holiday courses, even if optional and not for credit, hints at an aversion to independent thought. Even if one specifically selects a topic of personal interest, J-term courses would still feed students potential topics to consider and contentions to analyse. Why can’t students use holiday relaxation to come up with their own questions...

Author: By Olivia M. Goldhill | Title: The Silver Lining | 4/14/2009 | See Source »

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