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Three main lessons present themselves. First, our complex financial system is awfully fragile. Second, government action is capable of keeping a financial panic from snowballing into a complete economic disaster along the lines of the Great Depression. Third, the government has - in large part because of its success in averting disaster - found it difficult to take any actions that would make the financial system less fragile in the future. That would, apparently, be too much government intervention...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

Mission accomplished - so far, at least. In the face of a financial shock worse than the Crash of 1929, massive government intervention averted a second Great Depression. Yes, we've still ended up in the worst economic downturn the U.S. has seen since. But while there are surely lots of potholes and wrong turns ahead, there's ample evidence that the economy - both in the U.S. and worldwide - is in the early stages of a rebound. And we have decisions made by government officials to thank for that...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

...lives. That’s better than the $75 UC fee I pay every year, an investment whose lofty returns include an email a month and two student appointments to a Nutritional Information Committee. But one thing’s for certain: our Assistant to the Associate Hero has great taste—those chairs sure are cute...

Author: By Mark A. Pacult, CRIMSON STAFF WRITER | Title: Chairs in the Yard: Hate It | 9/15/2009 | See Source »

...ended up with 476. In a university that prides itself on aesthetic preservation over centuries, this explosion of pastel has caused quite a sensation. The medley of eye-catching metal is the newest thing on campus since wireless Internet and Radcliffe girls, and, as with these predecessors, I am greatly pleased by the addition. The colorful chairs offer something for everyone. For freshmen, they offer more human targets during Frisbee recreation. For upperclassmen, a seat to reflect with nostalgia on the good ol’ days. For tourists, a chance to stop and smell the manure. For performers, an audience...

Author: By Charles R. Melvoin, CRIMSON STAFF WRITER | Title: Chairs in the Yard: Love It | 9/15/2009 | See Source »

Drunk or not, it’s inexcusable to waste what could be a great post-party meal on one of these places. FM did the research, so you don’t have...

Author: By FM Staff, CRIMSON STAFF WRITER | Title: Drunk Munchies | 9/15/2009 | See Source »

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