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...trend away from corporate credit unions. When the corporates were set up in the 1970s, they were meant to provide the liquidity that retail credit unions couldn't get elsewhere. As the era of deregulation descended on the financial-services industry, though, retail credit unions were increasingly able to fund themselves directly in the capital markets. To stay competitive, corporate credit unions knew they had to pay higher yields - and that meant riskier investments. "Over time they morphed into something more like investment banks," says Charles Felker, a managing director for the fixed-income brokerage First Empire Securities and former...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

...indigenous people who actually live among the trees should be in a forestry carbon market, while Brazil - home to 40% of the world's remaining rain forests - seems against the entire idea of avoided deforestation. (Brazil favors a plan that would have rich countries contribute to a global fund that would work to prevent deforestation, instead of using the carbon market.) There are legitimate criticisms of avoided deforestation - but something firm on forestry needs to come out of Poznan. (See pictures of trees...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

...population is under 25 and many are AIDS orphans, this generation - and the next - faces widespread unemployment, a struggle for education in derelict and under-resourced schools, and homelessness in an environment riddled with crime. The challenge goes out to Kerzner to put an equivalent $20 million into funds such as the Nelson Mandela Children's Fund and other youth development projects. South Africa has been very good to you and for you, Sol. Now it's payback time. Brent Record, VANDERBIJLPARK, SOUTH AFRICA...

Author: /time Magazine | Title: What's Next for the GOP | 12/10/2008 | See Source »

Reid and House Speaker Nancy Pelosi have long wanted to see the money come from the $700 billion bank bailout fund, known as the Troubled Asset Relief Program, or TARP, and have argued against taking money from the modernization fund. Pelosi relented only after Friday's job report - the worst in 34 years, showing that the economy shed more than 533,000 jobs last month. But, having made this concession, Dems said they were unlikely to yield more ground. "This is a bad choice that we have to make. We should be able to use TARP money. The White House...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

...Innovation can come from unexpected places and from unusual people,” Serazin said in an e-mail. “Explorations seeks to fund projects that fall outside the scope of conventional wisdom and champions high-risk, high-reward projects with the potential to transform global health...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Gates Grants Fund Research | 12/9/2008 | See Source »

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