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Last week, Federal Reserve Chairman Ben Bernanke said the recession is probably over. But that hasn't halted the Treasury Department from continuing to dole out billions of dollars to financial firms. The latest installment came two weeks ago, when the Treasury sent nearly $75 million from the Troubled Asset Relief Program (TARP) to five banks. Community Bancshares of Mississippi was the largest recipient, getting $52 million in federal funds. All told, the government has spent nearly $5 billion in rescue funds in the past three months. Many of the recipients have been small banks. (See TIME's special report...

Author: /time Magazine | Title: As Economy Improves, Bank Bailouts Persist | 9/23/2009 | See Source »

...amazingly enough, my House master, Jim McCarthy, who is as much of a gearhead as I am. The Christakises replaced the McCarthys this year, though, and though they’ve been great House masters, I’m going to miss the discussions over dinner of the latest modifications we’ve done on our cars. Added to the alienation of having nobody to talk to about my passion are the trials and tribulations of trying to have a car while at Harvard. On-street parking generally requires a resident parking permit, which would require me to register...

Author: By David I. Fulton-Howard, CONTRIBUTING WRITER | Title: Revvin’ the Engine | 9/23/2009 | See Source »

Last month Absolut unveiled its latest creation, Absolut Boston, black tea and elderflower flavored vodka. Curious to see what students think of this new concoction, FM's Roving Reporter hit the streets...

Author: By Logan R. Ury, CRIMSON STAFF WRITER | Title: Roving Reporter: Absolut Boston | 9/23/2009 | See Source »

Last week, we saw the latest of a number of vocal protests of the layoffs of workers, but this time they had a new message. Through their actions and words, union activists argued that sanitation standards have suffered because fewer janitors now clean Harvard in less time due to layoffs and cuts in working hours. The new tactic rings false, as it flies in the face of Harvard’s actions to promote cleanliness over the first few weeks of school...

Author: By The Crimson Staff | Title: The Wrong Target | 9/22/2009 | See Source »

...picked up only one extra seat, while the SPD had claimed four. Even though confusing situations such as this sometimes arise, the major parties resisted moves in July to reform (in essence, abolish) the extra-seat rule, which Germany's Constitutional Court has demanded happen by 2011 at the latest. (See pictures of the Berlin Wall...

Author: /time Magazine | Title: Why Germany's Election Is a Colorful Cliffhanger | 9/22/2009 | See Source »

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