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...fourth quarter of 2008 than in the previous three months - a strategy that has drawn some complaints. But that hasn't removed the pressure on their shares. That's because the banks have had to continue to take loan losses. And banks don't have the option to pass those losses off on the new money they got from the government. They have to write down their common stockholders' equity first. And as that capital falls, so go the bank's shares. Some are alarmingly close to zero...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...Shooting one-and-one again, the freshman missed the front end, but the ball bounced into the corner near the Penn bench and Eggleston beat Miller to it and called time. Sophomore guard Tyler Bernardini caught the inbounds pass but was gang-corralled and forced to use his team’s last timeout with 22 seconds left...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Crimson Pipped by Penn in Final Minutes | 1/31/2009 | See Source »

...Health, which serves as the most significant source of the University’s federal research funding by far. The legislation would also give an additional $3 billion to the National Science Foundation, another key financial backer. The increases are part of a broader $819 billion economic stimulus package passed by the House. The Senate is set to consider a similar version of that legislation next week. Harvard chief lobbyist Kevin Casey said it is likely that the bill will pass “in the near future.” Democrats are hoping to ready a final version...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: House Approves More Funding for Science | 1/30/2009 | See Source »

Republicans say they want a dramatic overhaul of the bill, stripping out certain offending projects and focusing more on tax cuts. Congressional Democrats, who have the power to pass the bill with a minimum of Republican support, are for now holding fast to their initial plans, which have been drafted largely without Republican input. Obama has been struggling to find some middle ground, repeatedly instructing Democratic leaders to jettison the most controversial provisions, like money for state family-planning funding. As it stands, all three sides have yet to find a way to move beyond the rhetoric of bipartisanship; there...

Author: /time Magazine | Title: The Stimulus Bill's Bumpy Ride | 1/30/2009 | See Source »

...Obama has to gain Republican support for the bill. In this scenario, Republicans would get to claim victory as well, telling their constituents that they fought the good fight in the name of fiscal conservatism. "We were going to lose no matter what," the aide said. "This bill will pass. The better it is, the less we lose...

Author: /time Magazine | Title: The Stimulus Bill's Bumpy Ride | 1/30/2009 | See Source »

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