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...financial health of so many Americans. Trevor Jones, a managing director at Insurance Security Services, told the Financial Times that permitting the collapse of AIG would be akin to “taking the foundation stone out of a skyscraper.” That said, these bailouts highlight major issues with our current financial system at large. The risk-laden, unregulated environment in which these companies—such as Bear Stearns, Lehman Brothers, and a host of other Wall Street firms—have been operating is completely unacceptable. While we do not support unbridled regulation of the market...

Author: By The Crimson Staff | Title: A Worthy Rescue | 9/18/2008 | See Source »

...instead of delicious red fruit-punch nectar, I found five-dollar-a-cup, more-ice-than-liquid lemonade sold from one of hundreds of stands waiting to take all your money as you stood dehydrated in the Southern sun. There were tents sponsored by television stations, software corporations, and Major League Baseball. I was a girl conflicted. At one show, I stood behind a man in a Yankees hat. I thought this was supposed to be a weekend of all things pleasurable, so how was it that someone who so obviously worshiped pure evil could exist here...

Author: By Beryl C.D. Lipton, CRIMSON STAFF WRITER | Title: Bonnaroo: You Ain't No Woodstock | 9/18/2008 | See Source »

...30s” and “the most dramatic event in a lifetime,” Harvard’s often-reserved economic experts did not mince words in describing the ongoing financial crisis that has seen the disappearance of three of the nation’s five major independent investment banks and the government rescue of one of the world’s largest insurers...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Econ Professors Lament Financial Crisis | 9/18/2008 | See Source »

Since late July, growing numbers of Facebook users have logged into their accounts and found profiles that they haven’t recognized. The confusion was not the work of identity thieves, but Facebook’s own developers, who unveiled a major redesign to the site. According to its creators, “New Facebook” was designed to make the users experience easier, but for the biggest fans of what is now “Old Facebook,” the change is another one of the social networking Web site’s recent mistakes. Isidore...

Author: By Charleton A. Lamb, CRIMSON STAFF WRITER | Title: Facebook Redesign Leaves Users Perplexed | 9/18/2008 | See Source »

Simmons cited increased enrollment, greater diversity among employees, the new Montessori school at the Tobin, and increases on standardized tests as major accomplishments during Fowler-Finn’s tenure...

Author: By Cora K. Currier, CRIMSON STAFF WRITER | Title: Fowler-Finn Suddenly Resigns | 9/18/2008 | See Source »

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