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...cuts didn't provide much stimulus to the economy. This put the burden of keeping the economy going on the Fed, and it responded by flooding the economy with liquidity. Under normal circumstances, it's fine to have money sloshing around in the system, since that helps the economy grow. But the economy had already overinvested, and so the extra money wasn't put to productive use. Low interest rates and easy access to funds encouraged reckless lending, the infamous interest-only, no-down-payment, no-documentation ("liar") subprime mortgages. It was clear that if the bubble got deflated even...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...still constrained by time. Just recently named head coach on Sept. 23, Cartwright has had only three weeks to work with her crew. Nonetheless, she has stuck to the basics: “fitness, technique, and fundamentals.” Through these, the coach expects the program to grow, prosper, and achieve its objectives. “We’re getting goals initially...at a team level and at an individual level that we’re going to obtain and strive for,” Kharrazi said. “That’s how we?...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Change Radcliffe Can Believe In | 10/17/2008 | See Source »

...Innovation is usually heralded as the solution to the problem of limited resources; after all, if Malthus could have foreseen the genetic engineering that was employed in the Green Revolution, would he have been so sure that agricultural production couldn’t sustain an interminably growing population?Stylistically, Stoll promises more than he can deliver in his attempt to tie together biography, historical analysis, and modern sociological and economic criticism in less than 200 pages. Everything from his summary of Hegel’s philosophy to his explanation of economic theory is oversimplified. And while this makes the book...

Author: By Anjali Motgi, CRIMSON STAFF WRITER | Title: Not Much Great About 'Delusion' | 10/17/2008 | See Source »

...books on her case - she did not retract the accusation that Ortega had sexually abused her, but simply said she'd made a decision to "find a solution" and asked for others to respect her privacy - the president's problem with the women of Latin America continues to grow. Last week in Honduras, Ortega had to sneak in through the back door of a Central American presidential summit to avoid feminists who were waiting for him out front holding pictures of his stepdaughter...

Author: /time Magazine | Title: President Ortega vs. the Feminists | 10/16/2008 | See Source »

...attacks have only served to "throw more wood on the fire" and reinforce Ortega's misogynistic image abroad, Montenegro said. Even now that Narvaez has withdrawn her abuse case, the protests will continue to grow because the movement is now "out of her hands," Montenegro says...

Author: /time Magazine | Title: President Ortega vs. the Feminists | 10/16/2008 | See Source »

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