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...recent report from Goldman Sachs, the firm's research analysts calculated that the best of the banking industry's toxic assets are carried on banks' books at an average of $91 (on a bond with an original $100 price). But TIME's calculations suggest that the government-subsidized buyers would pay only $70, leaving the banks with a $21 loss on each bond sold...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

...TIME's special report on the environment...

Author: /time Magazine | Title: The Warbler's Long Winter Journey Gets Longer | 4/16/2009 | See Source »

...Board reform slip away. The composition and policies of the board, a group of administrators and faculty that evaluates students who violate a major school rule, has been a pressing student concern for many years. With the near-completion of the Ad Board Review Committee’s report, we are closer than ever to seeing meaningful progress. However, in order for reform to go through, the faculty must approve many of the changes the report proposes. And, unless the report comes out soon, it will not be ready in time for the upcoming meeting of the Faculty Council?...

Author: By The Crimson Staff | Title: Dean Hammonds: | 4/16/2009 | See Source »

...exact right time. Immigration law is in dire need of a total policy overhaul. With conservative estimates of 12 million people living illegally within our borders, American society faces several problems. These illegal laborers tend to accept lower wages and zero benefits and are often reluctant to report abuse or maltreatment—each contributing to the propagation of social ills. In addition, the federal government is losing billions in potential tax revenue from these workers. The solution, according to the president, would be to offer a path of legal residency to illegal immigrants currently living...

Author: By The Crimson Staff | Title: Out of the Shadows | 4/16/2009 | See Source »

...stripping down and starting over. A platoon of TIME reporters and pollsters fanned out to every corner of the country to measure - anecdotally and empirically - what's changed in the way we set our priorities and spend our money since the Great Recession began. Most people think the pain will be lasting and the effects permanent: only 12% expect economic recovery to begin within six months, half believe it will be another year or two, and 14% believe we are at the start of a long-term decline. (See TIME's special report on how Americans have adjusted...

Author: /time Magazine | Title: The Great Recession: America Becomes Thrift Nation | 4/15/2009 | See Source »

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