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...consequences of the Japanese—and hence our—rescue plan, according to Adam Posen of the Peterson Institute of International Economics, “is that the banks’ top management simply burns through that cash, socializing the losses for the taxpayer, grabbing any rare gains for management payouts or shareholder dividends, and ending up still undercapitalized.” A different course of action is necessary...

Author: By The Crimson Staff | Title: (Don't Fear) the Receiver | 2/27/2009 | See Source »

...City Hall, people waved placards and shouted “pedophile” in protest of his continued service. Major papers such as The Oregonian dubbed the affair a “sex scandal” and the relationship, “inappropriate.” Rare is coverage of the affair that doesn’t in some way construct the relationship as the older, experienced man taking advantage of a young boy, confused and overwhelmed by his own sexuality. Yet critics insist that their disgust at Adams’s behavior comes about not as a result...

Author: By Emma M. Lind | Title: Hypocrisy on Tap | 2/27/2009 | See Source »

...Heart) Kagan” party to celebrate her continued presence there. As the Senate prepares to vote on her nomination, Kagan will likely depart the institution where students and faculty alike sing her praises.Kagan, though, reflects back on her accomplishments in a characteristically unassuming manner, pondering the rare missteps that faded out of institutional memory in the face of her many successes.“You try not to make mistakes.” she says, “but if you never fail, it means you weren’t doing enough.”—Staff...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERS | Title: Kagan's Legal Legacy | 2/27/2009 | See Source »

...people - motivated by fear, ignorance or both - target all bats for extermination by dynamiting caves, which causes enormous environmental damage and often kills thousand of beneficial bats that eat insects, pollinate flowers and even disperse seeds as part of natural reforestation. Blood feeders, on the other hand, are extremely rare - only three out of 1,100 species of bat are vampires, and all are found in Mexico, the Caribbean and Central and South America...

Author: /time Magazine | Title: Nicaragua's Vampire Problem | 2/27/2009 | See Source »

...northern mountains of Nicaragua. Bat experts and other vampire hunters insist there's no way a vampire could grow that big, but zoologist Bill Schutt says the hunter could have caught the Vampyrum spectrum, a monstrous carnivorous bat found in Nicaragua. The Vampyrum spectrum is an extremely rare predator with fierce teeth and a three-foot wing span. But, Schutt notes, it's not a real blood feeder, despite its name...

Author: /time Magazine | Title: Could There be Real Monster Bats? | 2/26/2009 | See Source »

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