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...Sweden's financial crisis in the early 1990s stemmed from a 1985 deregulation of credit markets, which set the stage for overexpansion and bubbles in the real estate and finance markets. When those bubbles burst in the early 1990s, Sweden's currency crumbled and interest rates spiked to 500% overnight. Of the country's seven biggest banks, five needed either government bailouts or big injections of money from shareholders. The value of the country's real estate market plunged 50-60% in 18 months. "The whole Swedish banking system was off-balance," Lundgren recalls...

Author: /time Magazine | Title: Sweden's Model Approach to Financial Disaster | 9/24/2008 | See Source »

While Baum acknowledged that federal financial aid policy would not be reformed overnight, she said the committee was confident that their recommendations would generate discussion...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Federal Financial Aid Reforms Proposed | 9/21/2008 | See Source »

...filled room. But on most days, you don’t need to be reminded of the overwhelming pirated-goods market in Shanghai; you need to be convinced that anything here is real.The first week you spend in this former marshland, which was transformed into a financial capital seemingly overnight, can only be described as a sustained shock. This has nothing to do with the pregnant mother trying to sell you Japanese bondage porn (illegal in China) or the two armless men who like to circle a block known for its expat bars. The shock comes from everything appearing Western...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: A Shanghai-tened Reality | 9/19/2008 | See Source »

...drama of the unfulfilled desires shared by Lady Brett Ashley and Jake Barnes and understood the absurdity of Cohn’s idea of romantic love. I finished the book in two days. It’s not as though I’ve become a Hemingway fanatic overnight. I haven’t: I still hate Hemingway as a person; I still find him despicable; I still take issue with his cynical worldview. But yes, I now can admit that he is a powerful writer. I’ll no longer bash him utterly and completely—just...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: Summer Reading: The Sun Also Rises | 9/19/2008 | See Source »

...year abroad: still likable, still funny, but with an added note of intrigue. Chuck Bartowski (Zachary Levi) is a salesman in the Nerd Herd of a big-box electronics store. One day he gets an e-mail that implants his brain with the U.S. government's classified data bank. Overnight, he becomes a conscripted secret agent and a marked man. (Remember, people: Never open unfamiliar attachments...

Author: /time Magazine | Title: New TV Series — Last Year's Strike Victims — Get a Do-Over | 9/18/2008 | See Source »

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