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...According to the FT, Leon Black, head of Apollo Management and a crafty investor in distressed debt told the paper that "the extra costs of cleaning up the U.S. banking industry could total as much as $2,000bn", putting further strain on the economy. He said the woes of the commercial property had not yet been reflected fully on bank balance sheets...

Author: /time Magazine | Title: Commercial Real Estate: The Banks' Next Big Problem | 3/20/2009 | See Source »

...Mountaineering Club president and renowned photographer H. Bradford Washburn, Jr. ’33. Kevin F. Jones ’09, the current president of the mountaineering club, said that the idea to host Arnold came from club member Eliza A. Lehner ’11, who wrote a paper on his exhibition for a class. Karen A. McKinnon ’10, the EAC president, said that they immediately agreed to co-host the event. “Such visuals usually have a great impact on those who are outdoors-y and love the environment...

Author: By Shambhavi Singh, CONTRIBUTING WRITER | Title: Alum Captures Climate Change on Film | 3/20/2009 | See Source »

...paper and in Task Force meetings Menand and Simmons’s legislation seemed like the answer to Bok’s expectations...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Kicking the Core to the Curb | 3/19/2009 | See Source »

...what else is fueling the gossip? Russian daily Vremya Novostei this week reported that Medvedev had "criticized [Putin's] Cabinet for a certain slowness in supporting the real sector of the economy." Putin, the paper wrote, "immediately responded by criticizing [Medvedev...

Author: /time Magazine | Title: Signs of Tension Between Putin and Medvedev? | 3/19/2009 | See Source »

...most explicit Vatican statement on the topic was the 2003 paper "Family Values vs. Safe Sex," written by the then head of the Pontifical Council, the late Cardinal Alfonso López Trujillo, who was widely criticized for questioning the science behind the efficacy of condoms in preventing AIDS. But the document also laid out the idea that Benedict seemed to be alluding to on the papal plane. "To control the pandemic [of AIDS], it is necessary to promote responsible sexual behavior that is inculcated by means of authentic sexual education, that respects the dignity of man and woman...

Author: /time Magazine | Title: The Pope's Anti-Condom Remarks: Candor Over P.R. | 3/19/2009 | See Source »

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