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According to the FT, Leon Black, head of Apollo Management and a crafty investor in distressed debt told the paper that "the extra costs of cleaning up the U.S. banking industry could total as much as $2,000bn", putting further strain on the economy. He said the woes of the...

Author: /time Magazine | Title: Commercial Real Estate: The Banks' Next Big Problem | 3/20/2009 | See Source »

Though the National Book Critics Circle Award carries no money, its posthumous awarding to Roberto Bolaño for his monster of a work, “2666,” raises a host of unsettling questions about the place of prizes, especially monetized prizes, in the world of letters...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: Awards Should go to the Living | 3/20/2009 | See Source »

In response to recent incidents of racism on campus, about 200 undergraduates flocked to the Science Center lawn at noon yesterday to participate in the “Many Colors, One Harvard” rally. The demonstration—which was sponsored by more than 40 Harvard student groups?...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITERS | Title: Students Rally Against Racism | 3/19/2009 | See Source »

In 2006 Cardinal Carlo Maria Martini, retired archbishop of Milan - and one of the towering intellects in the church, often considered the yin to Benedict's yang - opined that condoms might be the lesser evil in some situations, notably when one partner in a proper marriage has the HIV virus...

Author: /time Magazine | Title: The Pope's Anti-Condom Remarks: Candor Over P.R. | 3/19/2009 | See Source »

The argument goes that Medvedev needed to further sugarcoat the cuts and reforms - the most dramatic in the last 40 years. "You cannot tell these officers that they will have to be cut because Russia wants to make friends with the U.S.," says Dmitri Trenin the director of the Carnegie...

Author: /time Magazine | Title: Medvedev Uses NATO Threat to Reform Military | 3/19/2009 | See Source »

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