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...bailout and the refusal of all potential purchasers (UK-based Barclays was reportedly the one that came closest to making an offer) to sign a deal without government backing. With Lehman headed for bankruptcy, Merrill Lynch was the next- most-vulnerable-looking Wall Street firm, so its CEO, John Thain, quickly inked a $29 a share sale to Bank of America that values Merrill at $50 billion. Meanwhile, AIG asked the Federal Reserve for a $40 billion loan to tide it over - a loan it seems unlikely...

Author: /time Magazine | Title: Financial Meltdowns: How Big a Blow? | 9/15/2008 | See Source »

...blogs are overwhelmingly hyperlinked to other conservative blogs. Very few cross-links exist. This is thought to explain in part the emergence and survival of ideologically fueled rumors. For example, in the rancorous 2004 Presidential election, the same false rumor that a candidate had mistakenly quoted the Biblical verse John 16:3 as his favorite Bible passage - thus revealing hypocrisy about his being a believer - circulated about both John Kerry and George W. Bush. Presumably, the Kerry version flourished in the conservative blogosphere, and the Bush version gained traction in the liberal blogosphere. Each side has its own echo chamber...

Author: /time Magazine | Title: Q&A: How to Combat Gossip | 9/15/2008 | See Source »

...swing through Pennsylvania last month, John McCain visited a Manheim Central High School football practice - not to ingratiate himself with the players, who weren't even old enough to vote, but to identify himself with the gritty, down-home, lunch-bucket values of small-town football. "This is a blue-collar town," Manheim's coach said in his introduction of McCain. "We don't have a lot of flashy athletes. We don't come out with a lot of flash." But the coach explained that his team works hard, plays with discipline and comes through...

Author: /time Magazine | Title: For Obama, Race Remains Elephant in the Room | 9/15/2008 | See Source »

...Harvard spokesman John D. Longbrake also said that the Medical School will be participating in a University-wide review of its conflict-of-interest policies, scheduled for this fall, to examine the policies at individual schools, institutional conflict policy, and special issues presented by clinical research...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Summer Happenings at Harvard Medical School | 9/14/2008 | See Source »

...Harvard offense. “Mike came in and he was a shot of energy off the bat,” co-captain Luke Sager said. The Harvard men also added two new members to its list of 2008 scorers, with goals by junior Adam Rousmaniere and senior John Stamatis, both in the second half of play. Rousmaniere, who came on to start the second half, notched his first goal of the season by heading a cross from sophomore Alex Chi into the net in the 57th minute. Stamatis continued Harvard’s offensive momentum in the 70th minute...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Vermont Shelled By Harvard Offense | 9/14/2008 | See Source »

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