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...government would buy up the toxic securities such as CDOs (collateralized debt obligations) that are now poisoning bank balance sheets. The thinking has been that once financial institutions can unload this trash on the government, the gears of commerce will move again. But that takes time to pull off. "It's an inefficient way to inject capital," says Campbell Harvey, professor of international business at Duke's Fuqua School of Business. And it also has risk. "You are potentially injecting capital by buying assets from institutions that don't deserve...

Author: /time Magazine | Title: Will Paulson's Bank Plan Finally Unfreeze Credit? | 10/9/2008 | See Source »

...Just when I thought I was out, they pull me back...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: Ho Back To Lead Crimson Attack | 10/9/2008 | See Source »

Klein's article on McCain's campaign strategy didn't pull many punches, but I was surprised at the subliminal message in the shape of the illustration. So, McCain is halfway to being a fascist, is he? Opportunist, clearly. Sexist, in that he deliberately chose a woman for running mate once Obama made it clear he wasn't running with Clinton - probably. But fascist? Peter Kendall, LONDON...

Author: /time Magazine | Title: Recession Redux | 10/7/2008 | See Source »

...Republican Party, which bungled its way into grotesque budget deficits and finally turned all sensible people off with its theological crusade against the very existence of government—except, of course, for the biennial gesture of a gay-marriage referendum and legislation that would force black hooligans to pull up their pants (I’m not kidding). Even Bible-thumping racists realized that the need for roads and schools superseded these otherwise noble causes...

Author: By David L. Golding | Title: Virginia Is For Others | 10/7/2008 | See Source »

...talk up their optimism going into the final days. Last Thursday, McCain senior adviser Greg Strimple tried to highlight the fact that Obama too has had to pare down his initial goals for the election. "Obama started off with a 50-state strategy," Strimple said. "We've seen him pull out of Georgia [and] North Dakota. And I hear he is down 9 [points] in Montana...

Author: /time Magazine | Title: Can McCain Map Out a Comeback Strategy? | 10/6/2008 | See Source »

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