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...Over the last several days, the incoming administration has moved toward the idea of creating one federal agency which would have the purpose of taking most of the toxic assets off bank balance sheets. Since the figure at Citi is probably at least as large as the $300 billion pool that the government is guaranteeing, the combination of bad paper from Bank of America, Wells Fargo (WFC), JPMorgan (JPM), and the next tier of large US banks is almost certainly close to $1 trillion...

Author: /time Magazine | Title: Building A $1 Trillion "Bad Bank" | 1/17/2009 | See Source »

...Buffalo Billiards is your typical crowd-accommodating billiards bar, with a "lodged-in-a-mountain-cabin" feel. A brown bear, a cowboy boot lamp, ceiling canoes, an abundance of wood and a Native American statue, are all part of the rustic theme in this two-barred joint, laden with pool tables, shuffleboards and small tables. While the bar hasn't prepared anything special for inauguration weekend - besides an extended hour deal - they expect a huge crowd, of both regulars and passerbys. If you're seeking out a hearty burger, a stimulating game of darts, or a bustling joint with...

Author: /time Magazine | Title: A D.C. Club Guide for Inaugural Weekend | 1/17/2009 | See Source »

...With all that and a stunning pool, a series of beautiful courtyards and friendly, helpful staff, no wonder guests find themselves quickly easing into long days of warm indolence. After all, why bother to go looking for the real Majorca when it turns out you're already staying there...

Author: /time Magazine | Title: Majorca, an Island of Calm | 1/14/2009 | See Source »

Sharing the pool with an Ivy League opponent for the first time in over a month, the Harvard men’s swimming and diving team (6-0, 4-0 Ivy) gave the rest of the league something to fear. The Crimson trounced the visiting Penn Quakers (3-3, 2-3) 213-85 this past Saturday.Harvard won 14 of the day’s 16 events, completely dominating its rival Quakers.“I think we did what we needed to get done,” said junior distance stand-out Alex Meyer, who placed first...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Harvard Remains Perfect Against Quakers | 1/11/2009 | See Source »

...queen that has the genetic mettle to crank out lots of good eggs that produce lots of good babies doesn't need any competition from other, lesser females setting up a nest nearby. Even the queen herself is not allowed to fool with the gene pool once it's been set. She mates only once in her life and stores all the sperm she'll ever need for the thousands of eggs she'll produce. (See pictures of the insect world...

Author: /time Magazine | Title: First Rule of the Ant Colony: No Hanky-Panky | 1/10/2009 | See Source »

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