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...meeting between Obama and the nation's top bankers on March 27, the President encouraged the CEOs to participate in programs designed to purge the toxic assets. But after politely voicing support for the programs in principle, the bankers said that in practice, the prices for the toxic assets were still going to be too low when the programs are launched in coming months, according to a source who was in the room, which was confirmed by another source who was briefed by participants. (See 25 people to blame for the financial crisis...

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

Malls are only the tip of the commercial real estate iceberg. Large office buildings in the nation's biggest cities are experiencing growing vacancy rates and a raft of tenants who are behind on their rent payments, or worse, have defaulted. Replacing the tenants is difficult without dropping rents significantly which further compromises the ability of these office building owners to make their own mortgage payments. In is not unlike the problem mall owners face as retail outlets close due to lack of sales...

Author: /time Magazine | Title: General Growth and Another Burden for Bank Stocks | 4/16/2009 | See Source »

...again Harvard will lean on its big hitters to carry the load. Weissbourd is currently sixth in the nation with 5.28 kills per set, as well as third in the country in service aces and tenth with 1.40 blocks per set. The rookie Jones is second on the team with 3.06 kills per set, and Weintraub is 13th in the nation in assisting his attackers with...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Crimson Poised To Claim Hay Division | 4/16/2009 | See Source »

...Although Mexico is far from a failed state as some suggest—at least not on the same lines as Pakistan—and drug violence is not new, there is no doubt that the country now finds itself in its most dire conflict since revolution disrupted the nation...

Author: By Raúl A. Carrillo | Title: More Than Secondhand Smoke | 4/16/2009 | See Source »

...Over the past few months, Mexican president Felipe Calderon has been deploying troops throughout Mexico to counter gangs and drug cartels, especially those in Ciudad Juarez. His decision is justifiable; last year, over 2,000 people were murdered in the infamous city. The addition of more troops throughout the nation, however, has led to even more violence, resulting in over 6,000 total deaths. With the situation in Ciudad Juarez so volatile, America needs to look after its own citizens in the area. The Department of Homeland Security should deploy National Guard troops to the U.S.-Mexico border, where, while...

Author: By Peter Bozzo | Title: Protecting Our Citizens | 4/16/2009 | See Source »

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