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...world as we know it? And what, exactly would that Apocalypse look like? Given the existence of the FDIC and the activist stance of the Federal Reserve, it's hard to envision a 1930s-style breakdown in which banks shut their doors and depositors lose all their money. I think the fear is of a situation where lending to both businesses and individuals stops almost completely, which would lead to a pretty sharp downturn. Not nearly as bad the Great Depression, but the worst we've seen since then...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

...just been through the most tumultuous market environment since the Depression. We learned (again) that banks and brokerages can fail, insurers can go broke and even ultra-safe money-market funds can lose value. But we also learned (again) that true diversification, patience and attention to risk are your best safety nets...

Author: /time Magazine | Title: Surviving the Wall Street Storm | 9/30/2008 | See Source »

...majority of the House Republicans don't vote for the measure, McCain could lose political face. "If McCain cannot persuade them, it is hard to portray him as a leader," said Clyde Wilcox, a political science professor at Georgetown University...

Author: /time Magazine | Title: The Bailout Bill That Nobody Likes | 9/29/2008 | See Source »

...coming weeks. Cue the horror music. I truly felt like I was in a scary movie when the first signs of a frigid fall came along. Apparently, Cambridge’s change of seasons brings with it a flurry of sweatpants. It was a rude awakening to lose not only the sun, but also any semblance of a bright style—the doldrums of winter fashion had set in. Even going to lecture was painful, as my peers had no qualms about parading their frumpy digs all over campus. Coming from an ultra-preppy secondary school in the Midwest...

Author: By Erinn V. Westbrook, CRIMSON STAFF WRITER | Title: At Harvard, Degree of Fashion Savvy Falls with Temperature | 9/29/2008 | See Source »

...with Pizzotti. A First Team All-Ivy member in 2007, the senior completed over 63 percent of his passes, threw for 2,134 yards, and had 14 touchdowns to just four interceptions in the seven games he started. Through week one of this season, he has yet to lose a game that he both started and finished. Despite an up-and-down first three quarters that included two picks last Friday against Holy Cross, Pizzotti’s play made it clear that Murphy didn’t make a mistake. The senior’s impressive numbers...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Veteran Quarterbacks Boost Offense | 9/28/2008 | See Source »

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