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...problem is that lots and lots of financial institutions are insolvent--their losses, if they actually recognized them, are enough to wipe out their capital reserves. If that's true it would make more sense for taxpayers to give them cash outright, and take a big ownership stake in return (with the idea of selling it off a few years down the road). The Swedish solution, they call it (and longtime readers of this blog know it was being discussed here long before anybody else in the U.S. was talking about it). The version of the bailout plan voted down...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

...Newedge Group, a financial services firm based in Hong Kong. Nor can a bailout replace all the liquidity that has evaporated from global financial markets, which made it cheaper for companies to borrow money to build new factories, buy new equipment or expand into new territories. "We will never return to those levels of liquidity," Daley says...

Author: /time Magazine | Title: Asian Markets Tremble But Hold Up | 9/30/2008 | See Source »

...interludes. As in the overture, Levine was able to create rolling waves of sound in building the tensions of the piece, but always pulled back the swells with the regularity of the tide until the climactic end. With noble, powerful gestures, Levine roused the entire symphony in the grand return of the opening theme. As the musicians struck the final notes, filling the entire Symphony Hall with the glorious finale, all audience members were drawn to their feet for several solid minutes of thunderous applause. The first two performances were undoubtedly enjoyable, but “Pictures...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: BSO Shines On Opening Night | 9/29/2008 | See Source »

...since then, three more “Community Advisories” have arrived—one detailing an incident involving a handgun. That got me thinking. One evening I decided against strolling to Lamont, knowing that the return journey would require me to walk back to the River in the dark, alone...

Author: By Molly M. Strauss | Title: Going It Alone | 9/29/2008 | See Source »

...main reason for the defeat was opposition from House Republicans, two-thirds of whom voted against the bill, despite the fact that it was conceived by the Bush Administration and supported by their presidential nominee, John McCain, who had suspended his campaign last week to return to Washington and work on the package. By comparison, 140 Democrats, some 60% of the caucus, voted...

Author: /time Magazine | Title: Bailout Defeated, Blame Flies, Wall Street Tanks | 9/29/2008 | See Source »

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