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...goals—which include targets for social indicators like gender equality and primary education—as long as widespread hunger persists. He called poverty a self-perpetuating “vicious cycle.” The Stand-Up rally also featured many students who have successfully implemented relief projects in Africa. David M. Sengeh ’10, who spent the summer in Sierre Leone distributing insecticide-treated mosquito nets and teaching about the dangers of malaria, stressed the need to take action. “Its important to plan an idea, but you must actually go into...

Author: By Courtney P Yadoo, CONTRIBUTING WRITER | Title: Students Gather to Act Against Poverty | 10/20/2008 | See Source »

...weeks, Paulson had held off on direct investment, preferring instead to use the $700 billion Troubled Asset Relief Program (TARP), passed by Congress on its second go-round, to buy toxic mortgage-related assets from the banks. The bank bailout will be funded out of that budget, and the Treasury still plans to start buying troubled assets in the next month or so. But that wasn't soon enough for worried investors or for Fed Chairman Ben Bernanke, who according to inside reports had been advocating for a recapitalization for months. Money flowed out of the stock market, including that...

Author: /time Magazine | Title: The Big Bank Bailout: Are You Next? | 10/16/2008 | See Source »

...this day our daily bread." Daniel Nevins, dean of the rabbinical school at New York's Jewish Theological Seminary, also recognizes the legitimacy of the "help me" prayer, noting that the third of four prayers that religious Jews are expected to recite after meals asks God to "grant us relief from all our troubles. May we never find ourselves in need of gifts or loans from flesh and blood, but may we rely only upon your helping hand, which is open, ample and generous." Says Shamsi Ali, imam of the huge Islamic Cultural Center on 96th Street in Manhattan...

Author: /time Magazine | Title: Is It OK to Pray for Your 401(k)? | 10/14/2008 | See Source »

...vowed to deliver financial relief to any developing country facing an emergency. The World Bank says it has roughly $27 billion ready to offer in loans through the International Bank for Development and Reconstruction. But with a global recession looming, no coordinated plan addressing the needs of poor nations is being discussed. "People are starting to worry a little bit that some of these emerging market countries are the ones that are left out," says Ben Carliner, director of research at the Economic Strategy Institute, a think tank in Washington...

Author: /time Magazine | Title: The Financial Rescue: Are Poor Countries Being Left Out? | 10/14/2008 | See Source »

...raises money to improve entertainment facilities for children undergoing cancer treatment. Friedman observed during his multiple extended hospital stays that his physical well-being was greatly improved by alleviating the stress and boredom of treatment through simple diversions, like video games or DVDs. The foundation seeks to provide this relief for children whose families cannot afford these things. Since its creation, the foundation has raised more than a quarter of a million dollars for toys purchased for hospitals across the country. “It occurred to me that in some ways, because his battle with cancer so changed...

Author: By Aditi Balakrishna, CRIMSON STAFF WRITER | Title: Kirkland Student Dies of Cancer | 10/13/2008 | See Source »

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