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...reason is an obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter. A change to that rule could drain some of the banks' red ink and possibly make it easier for them to off-load the toxic assets. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

...Harvard’s support for entrepreneurship on campus is a relatively recent development. It has been rumored that Harvard College once had a loose and often unenforced rule that students were prohibited from running businesses out of their dorm rooms. However, the current FAS Handbook for Students vaguely states that students are allowed to partake in “modest levels of business activities on campus,” provided that they do not violate other College rules regarding residential life or use of Harvard’s name and resources...

Author: By H. Zane B. Wruble, CRIMSON STAFF WRITER | Title: Being Your Own Boss | 3/11/2009 | See Source »

...what will happen in the retail industry in the next several quarters is to watch it like a hawk today. The first impression that many people get is that the retail business is OK because Wal-Mart is doing so well. But, Wal-Mart is the exception to the rule. Sam Walton's company continues do well because its tremendous buying power, distribution, and brand allows it to attract customers who get relatively high quality products for very little money. Its success removes a great deal of the foot traffic from the rest of the industry. (See pictures of TIME...

Author: /time Magazine | Title: Looking Again at the Fate of the Retail Industry | 3/10/2009 | See Source »

...uptight, restrictive atmosphere this institution works so hard to foster, the seven-minute rule is the lone, laid-back beacon of permissiveness. And it’s a rule I’ve enjoyed abusing. Thanks, Edward Holyoke. Or whoever. You’re the best...

Author: By Jake G. Cohen, CRIMSON STAFF WRITER | Title: Off Harvard Time | 3/10/2009 | See Source »

Franken's counsel thought otherwise. On Friday, the panel heard arguments about a request from Franken to dismiss the case altogether because, they argued, Coleman failed to prove that there were enough improperly rejected ballots to close Franken's 225-vote margin. The court is expected to rule on that motion soon. In the meantime, Franken's team has been trying to prove that flaws in the state's election system were the exception, not the rule. He is also attempting to get about 800 absentee ballots tossed into the final tally, most of which are from counties...

Author: /time Magazine | Title: Coleman and Franken Still Battle, As Minnesota Gripes | 3/10/2009 | See Source »

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