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...banks will fail in the next 24 months. Instead, some put the number at 200 and others at 1,400. The facts at the center of the analytic process change so fast that even the well-trained experts cannot keep up with and integrate the constantly changing information, in order to offer consistent predictions...

Author: /time Magazine | Title: Guessing How Many Banks Will Fail | 2/10/2009 | See Source »

...parts needed to keep Detroit running, will rob the U.S. car companies of any chance at all that they can take advantages of a better market when it returns. The auto firms are in the process of completely undermining their future, and may end up destroying themselves in order to remain in business...

Author: /time Magazine | Title: When Does Detroit Run Out Of People To Cut? | 2/10/2009 | See Source »

...Strata's case there is no stack. Instead, BofA imagined it had invested $1 billion in the bonds of 75 different companies, and then pretended that Strata wrote insurance against a $20 billion slice. BofA bankers placed Strata toward the bottom, in order to justify its relatively high yield...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...Saretsky said. “We had Jon Dingus, who was the record holder at his school in the 400, running off as a leadoff leg. Those other guys just did a great job.”“We just needed to beat Northeastern in order to win but to do it in a dominant fashion and to win the meet was a great note to end on,” he added.While the 4x400 relay was clearly the defining event of the day, it was the men’s 3000-meter race that really gave...

Author: By Kevin T. Chen, CRIMSON STAFF WRITER | Title: Harvard Captures Town Title in Final Event | 2/9/2009 | See Source »

...union staff. In line with the University’s recommendations, the School of Public Health will form a committee to review the posting of non-research funded job posts. “This is indeed an opportunity to look at our staffing levels and structures, in order to make sure that they are as efficient and productive as possible,” Frenk wrote. Approximately 35 percent of the University’s operating budget is dependent on income from the endowment, though certain schools rely more heavily on this income stream than others. The School of Public Health...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Schools Expect Payout Decline | 2/9/2009 | See Source »

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