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...trust in the U.S. financial system. There were four pillars: insuring the bank deposits of everyday Americans, allowing access to government funds in case of a panic, providing a regime for the orderly failure of badly run companies and limiting how much credit could be leveraged off a particular asset...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

...person / because, in him, / we see ourselves?” Armantrout said that her work draws from many facets of daily life—the poems she read referenced Anna Nicole Smith, Playboy, CNN and the Iraq War—but that it is not a comment on any particular theme of contemporary times. “I don’t think my writing is that intentional,” she said. “It reflects the world.” Armantrout was one of the first founders of the postmodern school of poetry known in the United...

Author: By Paul C. Mathis, CRIMSON STAFF WRITER | Title: Armantrout's Poetry "Reflects the World" | 10/8/2008 | See Source »

...plan to turn Barry’s Corner­­—a large intersection at North Harvard St. and Western Ave. that currently contains only a gas station—into a community hub that contains restaurants, cafes and a park. To illustrate their particular vision, the presenters made comparisons to other lively urban centers that are bordered by institutions, such as Harvard Square and University Park near...

Author: By Nan Ni and Vidya B. Viswanathan, CRIMSON STAFF WRITERSS | Title: City to Revamp Barry's Corner | 10/8/2008 | See Source »

...even the unprecedented Fed decision was quickly discounted by the market. Chris Low, chief economist of FTN Financial, said buying commercial paper was a "very good move," but explained that "investors almost have to see things work now before they'll believe them." In particular, Low pointed out, investors may want to be sure that this year's bailout shows results - unlike last year's Master Liquidity Enhancement Conduit, which was an attempt to solve the subprime crisis by three private banks (Citigroup, JP Morgan Chase and Bank of America) using private money - essentially what Treasury Secretary Hank Paulson hopes...

Author: /time Magazine | Title: Wall Street's Crisis: When All News is Bad News | 10/7/2008 | See Source »

...against students from lower socioeconomic backgrounds. For proponents of this claim, such a statement from the venerable Fitzsimmons is an exciting turn. However, there is simply a lack of compelling evidence to suggest that the SAT caters dramatically toward students with financial means. That so many participants of this particular educational debate have become fixed on making this a class war is unfortunate, and it begins to reflect the degree to which our culture of political correctness is damaging the future of higher education...

Author: By Lucy M. Caldwell | Title: Speaking Truth To Test Scores | 10/7/2008 | See Source »

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