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...Goldman Sachs, for instance, are only 40% off where they were a year ago. Citigroup's shares are down 86%. The Administration official also says the Treasury Department may need to pump more money into the banks than it currently has left in its $700 billion financial-rescue fund. But the Treasury Department has no plans to ask for the money immediately...

Author: /time Magazine | Title: Stress-Test Results: Most Banks Likely to Pass | 4/20/2009 | See Source »

...Kington did acknowledge that as the science advances, the NIH's policy may change. The agency will continue to fund studies of an exciting new method for generating patient-specific stem cells, without using embryos at all, and, if the public is comfortable with it, might one day allow the study of embryos created specifically for research purposes. "NIH is committed to revising the guidelines in the future as appropriate," he said. "As the science changes, we will take note...

Author: /time Magazine | Title: NIH Eases Restrictions on Stem Cells | 4/17/2009 | See Source »

...tune-up requests that we are struggling just to keep up with the rapidly growing demand for bicycles.” In 2004, the Environmental Action Committee proposed an initiative to the student body that allowed them to add a $10 fee to their term bill to help fund innovative wind energy on campus, McKinnon said. The administration vetoed the initiative, but pledged to match any amount of funding that the Environmental Action Committee could raise for other environmentally-friendly projects—including the bike sharing program, McKinnon said. For his part, bike shop employee Gation offered a positive...

Author: By Marc G. Steinberg, CRIMSON STAFF WRITER | Title: Bikes Push Green Transit | 4/17/2009 | See Source »

...Massachusetts House of Representatives unveiled their version of the state budget on Wednesday, a plan that closes the $3.6 billion budget shortfall with federal stimulus funds, cuts in services and programs, and a reduction in local aid to cities and towns.The House Ways and Means committee submitted a $27.44 billion budget for fiscal year 2010—$532 million less than what was proposed by Governor Deval L. Patrick ’78 three months ago. That same month, Patrick made a midyear budget cut of $128 million, leading to a local aid decrease of approximately $2.6 million...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Mass. House May Cut Local Aid | 4/17/2009 | See Source »

...instead, Harvard has chosen to exclude ROTC from campus. It has chosen not to fund overhead expenses of Harvard students participating in ROTC at MIT. It has chosen not to officially recognize the program. It has included only a section warning students against joining ROTC in its handbook, but nothing commending the service of those in the program. It has disgraced the very students who have shunned lucrative private-sector jobs in the name of service to their country and caused their numbers to dwindle on campus. I am personally aware of students who were accepted to Harvard and chose...

Author: By Caleb L. Weatherl | Title: Harvard’s Moral Failure | 4/16/2009 | See Source »

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