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...bank stocks during the last week. Most money center banks have substantial exposure to debt in Eastern Europe. A lot of that debt may go into default if the economies of the small countries in that region fall apart. They do not have institutions like the Federal Reserve to flood their countries with liquidity. (Find out 10 things to do with your money...

Author: /time Magazine | Title: Is Citibank Really Out of the Woods? | 3/19/2009 | See Source »

...Today, the KIO is waging an information campaign on a series of seven planned dams in Kachin, which will flood hundreds of villages and could threaten many others because the region's frequent seismic activity could trigger reservoir floods. (Two previously built dams in Kachin were rendered useless after breaking, and nearby villagers, who never received any electricity, were killed by the rush of water.) The dams, which are slated to generate seven times Burma's entire current electricity capacity, are being jointly developed by state-owned Chinese companies and a Burmese firm, Asia World, whose managing director...

Author: /time Magazine | Title: The Scramble For A Piece of Burma | 3/19/2009 | See Source »

...come back.”Harvard’s top two scorers, Martin and sophomore Jess Halpern, once again led the attack with five goals apiece. Martin threw in two assists while Halpern had one, as four of their teammates also got on the scoreboard. Tri-captain Sara Flood and freshman standout Tyler Petropulous each contributed a score and an assist. Husky captain Whitney Michele led all scorers with eight points in the loss, tallying five goals and three helpers.Coming off a disappointing performance Saturday in its Ivy opener, a 12-8 loss at Brown, Harvard was well aware that...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Crimson Holds On For Tight Win | 3/18/2009 | See Source »

...reason celebrities are famous in the first place is that the movies they make entertain a huge number of people who will pay the $8 ticket fee to watch a two-hour show. When the American people flood the box office with cash, they do so out of a desire to be entertained, not to be preached to. With every ticket they buy, moviegoers aren’t necessarily endorsing the views of the actors they see on the screen. Celebrities are agents of entertainment, not the “elect” who are destined to transform our society...

Author: By James K. Mcauley | Title: A Confederacy of Dunces | 3/16/2009 | See Source »

...Just a few years ago, when an economic boom was pulling a flood of Western professionals into Singapore, a Western face in a working-class neighborhood like Bukit Panjang was a rare sight. According to investment bank Credit Suisse, Singapore's population grew 18%, to about 4.8 million, from 2004 to 2008. More than three-quarters of that growth, Credit Suisse estimates, came from newly arrived foreigners taking lucrative positions at expanding private banks, oil-exploration firms and shipping companies. Foreigners filled 61% of the 796,000 jobs created in Singapore during that four-year period...

Author: /time Magazine | Title: Laid Off in Singapore: Ex-Pats Have to Downsize | 3/15/2009 | See Source »

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