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...make it terribly different from the large firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing banking to nationalizing the home lending system. The government could decide to apply...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...Army didn’t already have enough to worry about. Recent reports reveal that, in 2008, suicides by soldiers reached the highest level in nearly three decades. The epidemic extended evenly to all stages of the service: About 35 percent were soldiers who had never been deployed, 30 percent were those on active service—three quarters of them on their first tour of duty—and 35 percent took place after deployment, often more than a year after the soldier had returned home...

Author: By Anthony J. Bonilla | Title: A Sickness in the System | 2/16/2009 | See Source »

...mistakes,” Kinner said. “While I know he’s not satisfied with that result, it’s impressive nonetheless for a freshman of his age to be in the top-30 at such a highly competitive race with so many top-level skiers.” In the women’s Giant Slalom event, freshman Caroline McHugh finished tied for 33rd, an 18-place improvement over her starting position. She followed that performance with a 40th-place effort in the Slalom race, a 19-place improvement over her 59th starting position...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Crimson Notches Another Tenth | 2/16/2009 | See Source »

...experienced masters team,” and was pleased with his team’s performance on Saturday. The game marked the debut of freshmen team members. The new players showed great improvement by “learning how to play together against opponents [and] execute at this level,” Farrar said. Harvard plays its next games at the Princeton Invitational on Feb. 21 and 22. The squad will square off against Villanova, Princeton, George Washington, and Bucknell...

Author: By Eric L. Michel, CONTRIBUTING WRITER | Title: Crimson Posts Mixed Results in Opening Invitational | 2/16/2009 | See Source »

...again for Berry, who finished with 14 points. In both of Harvard’s two losses this season, the freshman has had the ball in her hands on the final possession. Neither time did the Crimson get the result it was hoping for, but the decisions indicate the level of trust that Harvard coach Kathy Delaney-Smith has in her point guard.“We like the ball in Brogan’s hands,” Delaney-Smith said.The last five minutes were played out with incredible tension and drama, but those in attendance may have been...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Upstart Lions Upset Crimson in Close Game | 2/16/2009 | See Source »

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