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...Geithner’s plan proposes this change as well as a more comprehensive oversight of derivatives (such as the regulation of credit-default swaps) that would be traded through a clearinghouse. Finally, endowing the government with the power to resolve large, failing financial institutions other than banks would fill the power vacuum plaguing the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation as of late. Geithner’s plan is complex and still in its infant stages: Thursday’s proposal left many details up in the air so that productive exchange with lawmakers...

Author: By The Crimson Staff | Title: The End of Under-Sight | 3/30/2009 | See Source »

...really hard-rocking, nor rocking at all. They attempt to raise the level of rock in “Prom Queen” by employing a gratuitous dose of seizure-inducing camera effects. Bluish stage lights flash constantly, scene changes occur in sporadic bursts, and every drum fill thrashes the camera like an earthquake. The inspired music is matched by a truly inspired story: Lil’ Wayne used to have a high school crush who, in an unprecedented move, refused his advances. Well now Lil’ Wayne is rich and famous and she’s been left...

Author: By Mark A. Fusunyan, CONTRIBUTING WRITER | Title: POPSCREEN: Lil' Wayne | 3/20/2009 | See Source »

...Late last year, after two years bloody occupation of Somalia, Ethiopia withdrew. Instead of creating a vacuum for the Shabaab to fill, as many feared, Menkhaus says Ethiopia's withdrawal allowed Somalis to turn their attention to their own internal enemies. "The Shabaab have been pushed back by Somali communities," he said. "Somalis do not want their version of government...

Author: /time Magazine | Title: Somalis Balk at Outsiders — Including Osama Bin Laden | 3/20/2009 | See Source »

...Anglesea gave about $400 each year to charity. But he lost his job as a software developer in August, and since then Anglesea, 54, of Chuluota, Fla., hasn't given a dime. What he has done, though, is triple his hours as a volunteer AARP tax counselor helping people fill out tax forms. "I'd like to give cash, but I can't," he says. "So I'm committing to more hours as a substitute...

Author: /time Magazine | Title: Nonprofit Squeeze: Donations Down, Volunteers Up | 3/19/2009 | See Source »

...latest and strongest signal of potential trouble, according to Kremlin watchers, was the Kremlin's February announcement that it was establishing an advisory group of professional managers to help the government handle the economic crisis. Observers believe Medvedev will use the pool of loyal bureaucrats to fill government positions abandoned by Putin's men, widely blamed for the economic policies that led to the downturn. "Medvedev is building his own power base, up to a certain point," says Alexander Khramchikhin, a senior researcher at the Institute for Political and Military Analysis in Moscow. (See pictures of Putin...

Author: /time Magazine | Title: Signs of Tension Between Putin and Medvedev? | 3/19/2009 | See Source »

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