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...going to be the new Treasury program that saves the world," says department spokeswoman Michele Davis. "That's not going to happen." But there is a unifying theme that explains much of what the big brains at the Fed and Treasury have been doing. And the efforts this week fit with the pattern...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

This week's moves fit the pattern. But they also show just how far the crisis has spread. The decision to shore up commercial paper will allow companies that are unable to borrow money from either the shadow or the real banking system to have access to the lender of last resort (the government), ensuring that credit still moves in the system - hopefully. And the $700 million program Paulson is steaming ahead with will allow for the clearing of bad loans, and inevitably the orderly failure of companies that invested too heavily in them...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

...freshmen Emily Lambert and Annie DeAngelo make it look easy. Besides settling into their new rooms in the Yard, they also fit right in with the Harvard women’s sailing team...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Rookie Twosome Makes a Splash | 10/7/2008 | See Source »

...straightforward as you might think. New species are discovered constantly - the total number of known mammalian species is up 19% since 1992. Though they're the largest type of animals, mammals range in size from the titanic blue whale to the tiny mouse lemurs of Madagascar, which can fit in the palm of your hand. What they have in common are clear threats from us. "Mammals are important because they play key roles in ecosystems and provide important benefits to humans," says Andrew Smith, a biologist at Arizona State University and one of the 103 authors of the Science study...

Author: /time Magazine | Title: The Last of the Tasmanian Devils (and Other Critters) | 10/6/2008 | See Source »

...pharmaceutical industry,” Ranganathan continued. “I’ve always been interested in health care, and I thought briefly about whether I wanted to be a career academic, but I found that it wasn’t a good fit for me.” Ranganathan expressed confidence that he would remain in the health care industry following business school. “I like the small, start-up, entrepreneurial environment, and my inclination is towards that direction, either at a small company or at a venture capital firm,” he said...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Names First Life Sci. Fellows | 10/5/2008 | See Source »

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