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...banks will have to recognize losses that could run as high as $200 billion for the sector in general. "The gap between bank marks on these distressed [loans] and their economic value appears to be too wide to be bridged," says Morgan Stanley analyst Richard Berner of the government program...

Author: /time Magazine | Title: Tempted to Buy Bank Stocks? Better Think Twice | 4/3/2009 | See Source »

...That's why Panthera, whose conservation efforts focus exclusively on endangered cats like jaguars and tigers, will be launching an innovative program in the Brazilian Pantanal this summer. The program will be carried out jointly with New York City's Mt. Sinai Medical School, and will involve a unique exchange of services that includes conservation, health care and disease research. Mt. Sinai's medical students and researchers will come to Panthera's 270-sq.-mi. (700-sq.-km) Pantanal ranch (which includes a jaguar habitat), where they will give free medical care to locals. That care, along with a free...

Author: /time Magazine | Title: Getting People to Coexist with Cats | 4/3/2009 | See Source »

Harvard and the Boston Redevelopment Authority launched the Harvard Allston Partnership Fund on Monday, which will provide $500,000 in grants over the next five years for community improvement proposals submitted by neighborhood non-profit groups. The Fund, which aims to foster neighborhood improvement, cultural enrichment, and educational programs in Allston, is part of the Allston Science Complex Cooperation Agreement. The agreement, signed in April of last year, stipulated that Harvard provide $25 million worth of community benefits to the neighborhood in order to proceed with construction of the complex. Kevin A. McCluskey ’76, Harvard?...

Author: By Vidya B. Viswanathan and Peter F. Zhu, CRIMSON STAFF WRITERS | Title: $500K To Refurbish Allston Community | 4/3/2009 | See Source »

...users nationwide and state police saw a 31 percent increase in drug arrests by 1972. In response Gov. Nelson Rockefeller, a liberal-leaning Republican who was said to have had presidential aspirations, created the Narcotic Addiction and Control Commission in 1967, aimed at helping addicts get clean. After the program proved too costly and ineffective, New York launched the Methadone Maintenance Program, which similarly caused little reduction in drug use. But by 1973, calls for stricter penalties had grown too loud to ignore, prompting Albany to enact legislation that created mandatory minimum sentences of 15 years to life for possession...

Author: /time Magazine | Title: New York's Rockefeller Drug Laws | 4/2/2009 | See Source »

...much more going on besides the bitter, remote war to which its member nations are reluctant to commit blood and treasure. During the 1990s, the Alliance began expanding, inducting nine new members from Eastern Europe's former Soviet territories and satellites that sought protection from Russian power. But that program seemed to hit a wall last August, when Georgia fought a five-day war against Russia for control of South Ossetia. Georgia, whose bid to join the Alliance had been strongly backed by the U.S., was viewed by many Western officials as having provoked a senseless fight that would have...

Author: /time Magazine | Title: As NATO Gathers, Its Future Is Looking Cloudy | 4/2/2009 | See Source »

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