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...Silvers said some of the people the panel had talked to complained that the continued weakness of a number of the nation's largest banks was hurting the economy. He asked Geithner if he thought "zombie" banks were a problem. Geithner noted specifically that he didn't think Citigroup was a "zombie." He added that the fact that many of the banks have been able to raise private capital shows that TARP has improved their prospects...
...many people have criticized Geithner and former secretary Henry Paulson for allowing AIG to pass along much of the money it received from the government to Goldman Sachs and other investment banks. Geithner was also asked whether he thought the government's bailout efforts, which have actually allowed a number of banks like Bank of America, JP Morgan Chase and Wells Fargo to grow, has only exacerbated the too-big-to-fail problem in the banking business...
...Science study also provided the first estimate of the person-to-person transmissibility of H1N1. The researchers calculate that every person infected by the virus will go on to infect 1.3 to 1.7 other people on average. (That number will probably be higher for schoolchildren - in one outbreak at a private school in New York City in the spring, each sick student infected 2.4 classmates.) As flus go, that makes H1N1 more transmissible than most - on par with the moderate 1957 Asian flu pandemic - which makes it particularly important to get a large chunk of the population vaccinated early...
...commissioned a poll to look at how people are serving these days. The most striking results centered not on volunteering but on the cash register. (See page 40.) Even as people acknowledged that times were tough, 38% of Americans 18 and older, some 86 million people, reported taking a number of socially conscious actions this year, including buying green products and goods from companies they thought had responsible values...
...prize excellence of all kinds… part of the American college experience is athletics; it’s a form of excellence. In many communities students can’t afford a cello [for example] but have sports programs… We have the largest number of intercollegiate sports – it has been a way to reach out to students who would not have been able to come to Harvard otherwise, if you look at student athletes later in life it’s amazing what they have done...