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...November 2002, during his first stint on the Fed - as a mere member of the board, not the chairman - Bernanke gave a now somewhat infamous speech about what central banks could do to fend off deflation even after short-term interest rates hit zero. The Fed could target longer-term interest rates, he argued. It could buy private securities, not just Treasuries. It could, figuratively speaking, drop money out of helicopters...

Author: /time Magazine | Title: What the Fed's New Interest-Rate Cut Really Means | 10/30/2008 | See Source »

...criticized Germany's lax disclosure laws. Porsche has been stealthily building a stake in VW and it only retained the element of surprise because German law did not require disclosure of the positions that account for more than 30% of its stake in VW. "Only when it is no longer possible for a company like Porsche to secretly put its hands on such a large number of shares will it be impossible to catch investors wrong-footed," the paper said...

Author: /time Magazine | Title: Hedge Funds Shorting VW Stung By Porsche | 10/29/2008 | See Source »

...seemed to be perennially watching me for the slightest mistake. I also discovered that the staff at IceScapes was so young and inexperienced because of an astronomical turnover rate, and that my “friends” from high school—employees for a full three months longer than myself—felt quite comfortable ordering me around like the wretched serf that I was. Furthermore, when Ron told me that “you” could select music, I hadn’t realized that “you” actually meant my supervisor, Allie...

Author: By Asli A. Bashir, CRIMSON STAFF WRITER | Title: [NOT] Escaping Icescapes | 10/29/2008 | See Source »

...past. She spent only 10 minutes and $23.92 at the store—eight cents shy of the $24 limit—and bought four yards of black and white jersey fabric. “I knew ahead of time I wanted jersey, black and white. It took longer getting there than shopping.” Armed with just one page of sketches drawn the night before, Dang entered Loeb’s costume shop around 11 a.m., and got to work cutting, pinning, sewing, and draping. While holding a handful of pins and working on the back...

Author: By Catherine J. Zielinski, CRIMSON STAFF WRITER | Title: Quinn L. Dang ’09 | 10/29/2008 | See Source »

...Others regard MONUC's willingness to get off the fence and fight as its great strength. But inevitably, says Alex de Waal, program director at New York's Social Science Research Council and author of several books on Africa, "when you move to coercive peacekeeping, you're no longer neutral. You cannot expect to be treated above and beyond the conflict. You are part of it." Hence MONUC has been beset by accusations of bias from all sides, many with some merit. Now, diminished in authority, it finds itself dodging rocks from the very people on whose behalf it took...

Author: /time Magazine | Title: Why Congo's Peacekeepers Are Coming Under Fire | 10/28/2008 | See Source »

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