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...financial calamities have in common is that they are unexpected, at least by the officials who are supposed to keep an eye out for these things. There were no plans for oil prices to spike up before the Arab Oil Embargo in the 1970s and no roadmap to follow after the S&L crisis the following decade. Banks can be brought down by fraud and errors in large gambles made on proprietary trading desks. Most of the things that cause systemic failure are unexpected and therefore cannot be prevented...

Author: /time Magazine | Title: Setting Up War Games for the Banking System | 2/26/2009 | See Source »

...tagline De Lesseps speaks in the opening credits of RHNYC is, appropriately, "I never feel guilty about being privileged." That could be the motto of Bravo, a cable powerhouse whose reality shows follow the pampered class and their various stylists, party planners and other modern-day valets...

Author: /time Magazine | Title: Gold Diggers of 2009 | 2/26/2009 | See Source »

...favorite type of audience can follow me when I start stretching out. That's the interesting thing about this live recording. You can hear it, actually, where the audience is following me. So I can open it up more rather than play songs that they know from the radio, which is something I usually do when I want to get offstage very fast...

Author: /time Magazine | Title: 10 Questions for Van Morrison | 2/26/2009 | See Source »

...gradually put more time into wrestling and saw more come out of it,” O’Connor remembers. By his senior year of high school, O’Connor was the No. 1 wrestler in the country at the 145-pound weight class. With college scouts following him like the paparazzi on Brangelina, O’Connor was finally forced to give up soccer and decide on a school. He had a nearby Ivy in mind. “Growing up, I was pretty committed to going to Cornell my whole life...

Author: By Justin W. White, CONTRIBUTING WRITER | Title: O’Connor Continues His National Dominance | 2/26/2009 | See Source »

...free just by going on a Birthright trip.Taglit-Birthright is the organization which provides 10-day, all-expense paid trips to Israel for Jewish youth ages 18 to 26. This umbrella organization funds trips that are designed and led by more than 20 trip organizers. These trips must all follow the Taglit-Birthright guidelines but differ slightly in certain activities and excursions. While the trips are open to anyone with Jewish heritage, there are specially designed trips that cater to those of the Orthodox or Reform persuasion, or those who just love to hike.The organization was founded...

Author: By Julia S Chen, CRIMSON STAFF WRITER | Title: You Had Me At Shalom | 2/25/2009 | See Source »

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