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Should the government be bailing out troubled banks or letting them fail? I'm opposed to the government bailing out firms that should be shut down because they are basically insolvent. A firm that's insolvent should be encouraged to file for bankruptcy and rid the market of an institution that's using resources that could be better used by productive firms...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...just talking about financial institutions or companies in general, such as GM? It applies to any kind of firm that isn't solvent. It doesn't matter if it's a car producer, an industrial firm or a financial firm. It should be encouraged or even compelled to file for bankruptcy. When you keep on bailing out institutions indiscriminately, there is no incentive for them to be prudent in what they're doing, because they know that whatever they do, whatever problems they create by their own behavior, the government will come along and bail them...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...their land stolen for long enough and they deserve it back. Not only that, they deserve to take over the settlements as they stand today as well as receiving back all the refugees who were forced to leave. The U.S. must no longer feed another apartheid. If Obama stands firm perhaps Netanyahu will stop saber-rattling and calm down. James Mc Donald, MILAN, ITALY...

Author: /time Magazine | Title: Labour in Trouble | 7/9/2009 | See Source »

...Last week you delivered a firm directive to your commanders in a morning brief. There had been an incident in which civilians were killed when soldiers ordered a strike on a compound from which they were receiving fire. In the brief you ordered your commanders to "stop dropping compounds." Can you tell me more about this? What we have done is written a tactical directive. And it provides my intent on how we are going to execute operations in general [to be released soon]. But specifically, the use of deadly force. The reason I spent a lot of time personally...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

William O'Brien, a Hillel accountant contracted from New England financial management firm Insource Services, is accused of having "stolen significant sums of money through fraud" after Hillel discovered financial reporting irregularities in early 2008, according to a letter sent on Monday to the organization's student community from Hillel President and Director Bernard Steinberg and Chair of the Board of Directors Robert Beal. They wrote that Hillel immediately terminated the Insource contract after discovering the irregularities and has worked with the state Attorney General's office for over a year to investigate the parties responsible...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Accountant Accused of Stealing Nearly $780,000 from Harvard Hillel | 7/7/2009 | See Source »

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