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...what should you do now? Nothing, right? Okay, maybe there are a few small things. For starters, look at the yield on your money market fund and compare it to the sector. Naturally, you want the highest return on your money. Except that maybe you don't. Higher yields usually mean riskier investments - more commercial paper, say, as opposed to Treasuries. Last Friday, before the Lehman implosion, Reserve Primary Fund was the second highest-yielding fund of the 100 largest tracked by Crane Data. For months before that, it was in the No. 1 slot. "You want to act like...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

...said today, are likely to be very harsh for any potential recipient of capital: "You're basically looking at structuring a deal at this point in which there is no downside - none. Even if a company goes under, like Lehman, you're first in line to get paid a return on your assets. Take it or leave...

Author: /time Magazine | Title: Why China Won't Come to the Rescue | 9/19/2008 | See Source »

...over $17 a share, increasing the pressure on CEO John Thain to do a deal. Over the weekend, he sold the firm to Bank of America in an all-stock transaction worth about $29 per share for Merrill shareholders - which means Temasek could walk away with about a 20% return should it sell it shares. The Temasek deal last December, banking sources say, taught everyone in the region a lesson: If you're talking to Wall Street, drive as hard a bargain as you possibly can - or walk. They need you much more than you need them...

Author: /time Magazine | Title: Why China Won't Come to the Rescue | 9/19/2008 | See Source »

...Pizzotti and O’Hagan will be without one of their top returning targets, junior Mike Cook, who will miss the game with a torn pectoral muscle. However, they do return a top receiving threat in junior Matt Luft, and the running game should be bolstered by new back Ben Jenkins, a junior who moved to the position during spring practice and won the starting job over junior Cheng Ho and sophomore Gino Gordon...

Author: By Brad Hinshelwood, CRIMSON STAFF WRITER | Title: Harvard Faces Holy Cross in First Knight-Time Duel | 9/19/2008 | See Source »

...that he was thinking of getting the band back together, Hogan worked to make it a reality.After putting together My Bloody Valentine’s UK tour, Hogan and Shields decided that the New York festival would be the right place to showcase the band’s stateside return. “[Kevin] was born in New York, so I think he thought it was a good way for him to start the tour out here,” Hogan says. The New York area has recently had a music festival renaissance of sorts, sparked by the three...

Author: By Jeffrey W. Feldman, CRIMSON STAFF WRITER | Title: NY Festival Invites Bands and Celebrities to Curate | 9/19/2008 | See Source »

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