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...This tension over pricing helps explain the leaked stories on Wednesday announcing that Treasury Secretary Timothy Geithner will make public the results of the banks' "stress tests" next month. The tests started out in March as a gauge of banks' ability to handle a worst-case economic downturn; now they've become a weapon for Obama and Geithner to force the banks to clean up their acts, officials say. "It gives [Obama and Geithner] leverage to make large institutions do things they otherwise wouldn't do," says a senior government official involved in the tests...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

Barry Maiden, who was acclaimed in March for his Kendall Square restaurant, “Hungry Mother,” said he found out about the award in a phone call last month from the magazine, which boasts a total annual subscription of nearly a million, and serves as a sponsor for the Emmy award-nominated show “Top Chef...

Author: By Margherita Pignatelli, CONTRIBUTING WRITER | Title: Chef Earns National Honor | 4/16/2009 | See Source »

...syllabus—he is not present in any real way in the ethos of the school. Unlike past authors of some note, perhaps Mailer being the most Harvard-bound, his connection to the institution seems tenuous at best. In interviews, he rarely mentions his Harvard years.Later this month, Whitehead will embark on a tour to promote his new novel, “Sag Harbor,” an excerpt of which appeared in The New Yorker’s Winter Fiction Issue. Last time he was in town, in 2006, he drew a crowd of 75 people...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: Colson Whitehead '91 | 4/16/2009 | See Source »

...audience that witnessed Dieudonné's odious tribute to negationist Faurisson. Perhaps following that lead, Le Pen himself created a new storm last month by repeating allegations he'd already been convicted for that "the gas chambers were a detail of Second World War history...

Author: /time Magazine | Title: French Comic Accused of Anti-Semitism Again | 4/15/2009 | See Source »

Lugo did eventually resign as bishop of San Pedro - but just months before leaving the priesthood, he conceived a child with Carrillo in 2006, when she was 24. (The boy, Guillermo, turns 2 next month.) A year ago Lugo was elected President of Paraguay. Now, in response to the lawsuit, Lugo has come clean about the affair. "Here and now, before people and my conscience, I declare with absolute honesty and a sense of duty and transparency," the President said on Monday, "that there was a relationship with Viviana Carrillo." He added, "I assume all responsibilities, and I recognize that...

Author: /time Magazine | Title: Can Paraguay's President Survive a Scandal? | 4/15/2009 | See Source »

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