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Programmers and journalists may seem like strange bedfellows; many criticize the Internet for the layoffs, buyouts and bleeding bottom lines that characterize the news business today. But, as emphasized by a report released last month by PricewaterhouseCoopers and the World Association of Newspapers, traditional news outlets must "cross the digital abyss" if they wish to survive. The problem, of course, is scraping together the capital to invest in new technologies. (Read "How to Save Your Newspaper...
...deadline day for banks. The nation's 19 largest lenders have spent the past month trying to prove to regulators they are financially strong. Today, we will start to find out if their efforts have been enough...
...When the stress tests were completed last month, the Treasury Department and regulators gave banks deemed to need capital a month to detail how they would raise it. For the banks that passed the stress test, they were told to report back on how they plan to repay taxpayers. Monday, June 8, was set as the deadline for turning in those plans to regulators. (See 25 people to blame for the financial crisis...
...many of the banks deadline day will pass with little fanfare. Like the stress test before, the month of preparation the banks have had before submitting their capital plans has in general shown that the banking industry is stronger than many thought. Banks were able to raise capital in May and early June with surprising ease. Selling new shares usually makes a company's stock price go down because the earnings-per-share pie gets cut up into more slices. But many of the banks have been able to raise cash and have their stock price continue to rise...
...when the Dumpster divers - townies and students alike - get to work. (I recall, eight years ago as an RA, raiding rooms in my apartment complex for espresso machines and other appliances that had been left behind.) Some come in search of academic items, others the purely recreational. This month, for example, a teen walking past a collection site for discarded goods at Princeton University picked up a toy gun that soon afterward was mistaken for the real thing, setting off an emergency response that resulted in a half-hour campus lockdown. (See TIME's photos from a public boarding school...