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...Lastly, the Obama Administration will need perhaps $750 billion in new funding merely to stabilize U.S. banks, which it hopes will be enough to ease the credit markets, stimulate lending and get the economy moving again. There's no telling what kind of political wrangling will happen over that, but one thing seems certain: if you are an executive of a bank that gets federal money, it wouldn't be a smart idea to count on a bonus...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

Does the financial collapse mean that a hushed and chastened mood will come upon the art world? Don't count on it. Remember how 9/11 was supposed to usher in the end of irony? That didn't happen either. All the same, is it too much to hope that a stricken world might have more time for art that's less declamatory and cocksure? If it does, this will be a very good moment for William Kentridge, anguished moralist...

Author: /time Magazine | Title: Artist William Kentridge: Man of Constant Sorrow | 3/19/2009 | See Source »

That is outrageous. But it's not any more outrageous than the even bigger bonuses paid out in past years to the masterminds of the AIG FP mess who no longer happen to work there. Slightly less so, in fact: the remaining AIG FP employees are being paid essentially to work themselves out of jobs by winding down all the unit's contracts. It's an awkward situation that means at least some of them probably would have gotten retention pay even in bankruptcy...

Author: /time Magazine | Title: The Upside of Anger | 3/19/2009 | See Source »

...program that helped Jewels provided her with information about birth control and encouraged her to try abstinence. But more important, it didn't end after two weeks, giving her and other students a safe space to return to for answers and advice. It is a model of what can happen when a community decides that it's crazy to spend more time teaching kids about decimals and fractions than about dating and sex. (Read "A Brief History Of: Abstinence...

Author: /time Magazine | Title: How to Bring An End to the War Over Sex Ed | 3/19/2009 | See Source »

...various individuals, and my parents questioned my sanity (and that of my foster blockmates). But the Dunster community’s magnetism provided too strong of a pull towards the Charles. Plus, my ID magically swipes into all Dunster entryways after midnight. This isn’t supposed to happen. Next fall, I will officially be a Moose. Yet my reputation as Dunster’s gypsy (or creeper to some) will likely stick. Sure, I’ll no longer need to take naps in Lamont while waiting for a roommate to unlock the suite door. And a dresser...

Author: By D. PATRICK Knoth, CRIMSON STAFF WRITER | Title: Suck It, Housing Lottery | 3/18/2009 | See Source »

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