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...Treasury Department says the TARP funds were never meant to solely prop up failing banks. In fact, officials say one of the criteria for getting funds under the TARP's Capital Purchase Program, in which the government injects money into a bank in return for preferred shares, is proof that a bank could survive on its own. While the Treasury is winding down some of its programs meant to assist the financial sector, it has no plans to end the TARP program early. The Treasury Department says it is still getting new requests from banks for TARP funds. (Small banks...
...Still, that doesn’t mean we should return to the days of divine right. There’s a way to conserve the idea of genius without succumbing to elitism. Rather than maintain the illusion that with due diligence anyone can be a superstar, we should argue that any of us could be the one harboring that hidden genius potential. Who knows who might be considered a genius retrospectively? Probably not the grind with the flashcards...
...Judith U. Herrell, President of Herrell’s Development Corporation, of Stannett’s decision to leave the company. “There is no bad blood between us, and I wish them the best.” She added that Herrell’s plans to return to Harvard Square at an as yet undetermined time in the future...
...helped privatize small retail stores in Russia and eventually collective and state farms.“We were these 20-something kids running around Russia, hired only because we were relatively bright and fearless and had the Russian skills,” Gorodentsev said.Gorodentsev said she hopes to eventually return to a managerial post that allows her to oversee projects abroad.“I think at the right time at my life—which is code for when my kids go to college—I will go back and do that,” she said...
...returned to India this past summer, four years after my first, fleeting glance at a Varma painting, in a cliched attempt to reconnect with my roots. (The journey of self-discovery included a trip to the Government Museum.) At the same time, New York Times columnist and similarly second-generation immigrant Anand Giridharadas was completing a four-year tour of the country. Determined to steal my thunder, Giridharadas wrote about a transformation of the Indian population’s psyche. “They don’t crave our mayonnaise and khakis anymore... Indian accents are now cooler than...