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...More than mere financial regulation, real responsibility on the part of bankers and those on Wall Street is needed, given the absurdity of inventions flowing from these banks. Just because something can be securitized does not mean that Wall Street ought to underwrite it. Financial engineering must be constructive and bear value not just to financial firms, but also to the inherent goals of the world of finance—providing credit and financing to firms and households. The industry’s latest ideas seem more like “Modest Proposals” than serious pitches, more tongue...

Author: By Ashin D. Shah | Title: The Future of Finance? | 9/8/2009 | See Source »

...Happily, these narrative games don’t slide into mere linguistic exercises. The thanks for this is due largely to the playfulness of the characters, who speak in slangy “Gliglish” and meet in the self-proclaimed “cemetery of language.” Oliveira’s lover La Maga enters like a light breeze: her intuitive connections to the things around her serve as a foil for the often laughably cerebral shoptalk of the others. “She picked up a leaf from the edge of the sidewalk and spoke...

Author: By Jessica A. Sequeira, CRIMSON STAFF WRITER | Title: Cortázar’s Playful Magnum Opus | 9/4/2009 | See Source »

Jackson, Michael • body of lands in crypt a mere 10 weeks after the death...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 9/4/2009 | See Source »

...Still, one would think that the mere infusion of $88 billion into the economy in six months - that's how much the government has spent so far - would buy Obama some goodwill; certainly many local and state politicians, including some who originally opposed the stimulus, have been quick to claim credit for stabilizing their economies with the federal largesse. Except, as it turns out, the very thing that makes the stimulus help the economy in the short term is a political loser: the program is giving most of its money to the poor. Of that $88 billion, the majority...

Author: /time Magazine | Title: Why the Stimulus Is Helping the Economy but Not Obama | 9/4/2009 | See Source »

...Grassley believes the raucous town meetings of August made it clear that Obama now faces something far larger than mere doubts about health-care reform. "I was expecting a lot of anger, but what really surprised me about the town meetings was the fear that people were expressing - afraid for the country. Health care was a big issue, yes, and it took up most of the questions at the town meetings. But it seemed to me it was the straw that broke the camel's back. People were bringing up the stimulus bill not doing any good and [costing...

Author: /time Magazine | Title: Why Grassley Turned on Health-Care Reform | 9/3/2009 | See Source »

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