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Other Asian governments faced challenges similar to Japan's during the Asian financial crisis of 1997-98. In South Korea, for example, the government bought bad loans from banks and also injected government money into their balance sheets. Several banks were nationalized. Governments across the region also shut down financial...

Author: /time Magazine | Title: Lessons From Asia's Last Meltdown: Act Fast | 10/10/2008 | See Source »

Banks may get some clarity soon. On Friday, finance ministers from the G-7 nations will meet in Washington, D.C., to discuss a coordinated response to the financial crisis. Adrian Mowat, chief Asia and emerging-market strategist for JPMorgan in Hong Kong, says that central bankers may follow Britain's...

Author: /time Magazine | Title: Fear and Despair as Asia Markets Plunge Again | 10/10/2008 | See Source »

Maybe. The G-7 Finance Ministers and central bankers met in Washington this afternoon and issued what they called a plan of action, although it was a curiously action-free plan. In fact, the document they produced was only an opaque statement of principles, devoid of action. "We commit to...

Author: /time Magazine | Title: Can the G-7 Save the World from Financial Chaos? | 10/10/2008 | See Source »

A member of the City of Cambridge Finance Department—who declined to be named because the document is confidential—said that the club has begun paying off the back taxes and interest but that city records show that it is still approximately $17,000 short.

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: A.D. May Lose Club Over Unpaid Back Taxes | 10/10/2008 | See Source »

Jhaveri graduated cum laude from the University of Maryland at College Park in 2007 after completing a double B.S. program in computer science and finance. His past work experience includes a position as senior software engineer at Corporate Zen. Currently, Jhaveri is working to develop an information technology system to...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Grad Students Win Computer Science Prize | 10/10/2008 | See Source »

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