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Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
...What may be of more lasting help to Europe's automakers is the billions of dollars of direct support being pledged by governments. The $3.2 billion in loan guarantees offered by the British government in January, for instance, should boost struggling carmakers' access to much-needed credit to fund areas like research and development. In London on March 11, British carmakers and banks gathered to kick-start the distribution of the loan guarantees. With car registrations forecast to slide 20% in Britain this year, the government will be hoping that it can still save its auto factories, and the jobs...
...haven't we stuck it to these guys? Because we're afraid they'll panic. "Unfortunately, we've built a system where if you hammer those guys hard, you're going to have a global credit collapse," said Simon Johnson, a former chief economist of the International Monetary Fund who teaches at the Massachusetts Institute of Technology and whose blog, Baseline Scenario, has become essential reading for crisis buffs. The Federal Reserve and Treasury left creditors at Lehman Brothers adrift in September, and the repercussions were so dire that regulators resolved not to let such a thing happen again...
...organizations, HCEF, HSA, and TECH, have recently formed a closely-knit and collaborative relationship with one another. Together they manage the annual I^3 Harvard College Innovation Challenge on campus, in which students develop innovative ideas as individuals or in teams and submit business plans. Winners receive grants to fund their projects as well as other resources and services. They are also currently working on developing a communal workspace for entrepreneurs within the HSA building on Mt. Auburn Street...
First there was last winter's $168 billion economic stimulus package, followed by a $300 billion fund in June to help distressed mortgage holders. Then came $350 billion for the banks (and a little of that for the car companies), another $350 billion for the banks, $787 billion in economic stimulus and $410 billion in an earmark-packed spending package for fiscal 2009 that Congress passed on Tuesday. Dizzy? A little nauseous? So are the moderate Democrats in Congress who are usually the gatekeepers of the federal piggy bank - the same fiscal conservatives who helped lead the bipartisan coalition...