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...late November, the government agreed in a deal struck over a weekend, to guarantee 90% of the losses on a pool of $300 billion in loans held by Citigroup. The government insurance was supposed to put the bank back on solid footing. At the time, a number of analysts said Citigroup needed as much as $300 billion in new capital to survive. The government thought insuring the loans, rather than the more costly and politically difficult path of just handing Citigroup money directly, would be enough to stabilize the bank. (Read "Why Your Bank Is Broke...

Author: /time Magazine | Title: Will More Loan Guarantees Save the Banks? | 1/31/2009 | See Source »

...somehow perfect that Illinois Governor Rod Blagojevich would begin his media self-justification-and-jury-pool-influence tour at the same time that American Idol has returned to TV. Like the bad auditioners who spring anew from city and heartland every winter, Blago inspires the same questions every time he opens his mouth: Does he really have no idea how he sounds to other people? It's gotta be an act, right...

Author: /time Magazine | Title: Blago Talks! (And Talks ...) | 1/29/2009 | See Source »

...diving team (7-0, 5-0 Ivy) celebrated its 169-119 win over Brown (1-4, 1-3) last Saturday in unusual fashion. With Black Sabbath’s “Iron Man” resonating through the speakers, freshman swimmer Matthew McLean was carried around Blodgett Pool on a stretcher for a post-meet victory lap. However, the defeat of the Bears was significant in more ways than the simple maintenance of a perfect record. The contest was also the Crimson’s Iron Man meet. The Iron Man is a freshman swimmer or diver selected...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Harvard Wins ‘Iron Man’ Meet | 1/27/2009 | See Source »

...regular season, the Harvard women’s swimming and diving team has proven that it’s a force to be reckoned with. The Crimson (5-0, 5-0 Ivy) preserved its undefeated season on Saturday, taking down Brown (2-2, 2-2), 199.5-99.5, at Blodgett Pool. “I think we did really well, especially coming off of exams, because exams take a lot out of you mentally and physically,” sophomore Kate Mills said. “It was great to see us come out there, swim fast times, and swim like...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Rookies Lead Way In Easy Harvard Win | 1/27/2009 | See Source »

...rose-scented candles. The hotel has loaded up an iPod, left in the room, with favorite romantic crooners. The in-room video system is similarly stocked for you to cue up Casablanca or other romantic movies. You can stay put and have a bath or adjourn to the rooftop pool, which will be open until midnight on Feb. 14. Champagne breakfast and a 2 p.m. checkout top it off. Starting at $409. Through the end of Feb. Wilton Place, London, 0207-107-8830 (See 10 things to do in London...

Author: /time Magazine | Title: Valentine's Deals That You'll Love | 1/26/2009 | See Source »

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