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...though that domestic market looks wobbly - growth in Spain is set to tumble this year, with the country's red-hot real estate market, buoyed by a decade-long boom, now chilling - analysts expect Santander to emerge in decent health. Though defaults as a portion of its total loans hit 1.3% in the first half of the year, versus 0.8% over the same period last year, mortgage-lending policies in Spain are typically more conservative than in the U.K., for instance...

Author: /time Magazine | Title: Lessons from Europe's Big Bailout | 9/29/2008 | See Source »

...from banks that are unwilling or unable to lend out capital for any significant length of time. Surviving banks are, quite appropriately, concerned that their damaged assets, composed largely of mortgage-backed securities, may rapidly decline in price, leaving banks with a need for immediate capital. By purchasing a portion of these depressed assets from troubled banks, the Treasury will alleviate some of this market congestion. While there are concerns with the fine points of the bailout plan, the broad strategy of immediately removing these securities from the market seems to be the best way to return to stability...

Author: By The Crimson Staff | Title: Secure Our Securities | 9/28/2008 | See Source »

...Outreach and Turnout Effort, putting him in charge of making sure the dorm’s residents are registered to vote. The debate, held at the University of Mississippi, was initially supposed to focus on issues of foreign policy, but the host, Jim Lehrer of PBS, took the first portion of the debate in the direction of economic issues due to the recent financial crisis. The discussion covered a range of issues of interest to Harvard students. As the debate was beginning, Kimberly N. Foster ’11, who watched at the SOCH, said, “I think...

Author: By Anna S. Roth, CONTRIBUTING WRITER | Title: Students Assemble Across Campus to Watch Obama and McCain Duke It Out | 9/28/2008 | See Source »

...reached this conclusion after watching the foreign-policy portion of her disastrous Sept. 25 interview with CBS anchor Katie Couric. A number of commentators, including the Atlantic's James Fallows and Slate's Christopher Beam, have echoed Beam's assessment that Palin resembled a "high schooler trying to BS her way through a book report," which is an insult to both high schoolers and BS. Palin's answers were hesitant, convoluted and, at times - like when she appeared to suggest that Russian Prime Minister Vladimir Putin might be preparing a one-man airborne invasion of Alaska - downright loony...

Author: /time Magazine | Title: Viewpoint: Sarah Palin's Foreign Policy Follies | 9/27/2008 | See Source »

Welcome to the late-stage-combat portion of the campaign to lead the free world. Tough attacks, misinformation and anonymous smears are multiplying as both campaigns surrender some control of the conversation to outside groups and dirty tricksters with deep pockets and technological know-how. Legitimate interest groups, high-powered unions and wealthy individuals plan to spend millions on television advertisements, direct mail and computer-generated phone calls over the coming weeks, almost all of them negative. These efforts will be supplemented by a lot of stuff that is even worse, like the faceless fax blast Cohen received...

Author: /time Magazine | Title: Smear Wars: Welcome to Negative Ad Season | 9/25/2008 | See Source »

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