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Don't be comforted by the results. That's because two different scenarios are used to stress test the balance sheets of financial institutions: baseline and adverse scenario. The baseline was designed to represent the consensus at the time in which the plan was presented. Unfortunately, current macroeconomic conditions are...

Author: /time Magazine | Title: What the Stress Tests Didn't Tell Us | 5/8/2009 | See Source »

"Françafrique is a Gaullist creation that integrated leaders from France's African sphere as virtual members of the French political and strategic élite," explains Antoine Glaser, a specialist on Franco-African relations, and author of the recent book Sarko in Africa. "That relationship has been based on...

Author: /time Magazine | Title: The Enrichment of Africa's French Allies | 5/8/2009 | See Source »

It is also particularly troubling that, as per the seller’s stipulations, a large portion of the building would have to be set aside for “progressive social organizations,” a term that, while nebulous, connotes a certain ideological leaning the UC has no...

Author: By The Crimson Staff | Title: The Capital Campaign to Nowhere | 5/7/2009 | See Source »

The bill's first hurdle is the Energy and Commerce Committee. Facing blanket GOP opposition, Chairman Henry Waxman is seeking a majority among Democrats and negotiating separately with a number of members who represent regional and constituent concerns. Agreements have not quickly fallen into place, however, prompting a pair of...

Author: /time Magazine | Title: Democrats Try to Haggle Together a Cap and Trade Bill | 5/7/2009 | See Source »

"The mere expansion of NATO does not represent a threat, [Russian President Dmitri] Medvedev has said repeatedly," said Alexander Sharavin, director of the Institute of Political and Military Analysis in Moscow and a former colonel in the Soviet Army. "However, our country cannot welcome NATO's unilateral steps when they...

Author: /time Magazine | Title: Behind the Military Mutiny in Georgia | 5/6/2009 | See Source »

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