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...Delights,” a 16th-century triptych by Hieronymous Bosch. The painting depicts, among many other things, naked people and imaginary creatures fiddling around with one another’s orifices. Art historians agree that these fanciful beings are having a good, sexy time, but what in the Sam Hill kind of revolution is Friedman arguing for? Something is afoot, and it isn’t fluorescent lightbulbs or recycling. “Flat” is innocuous enough, but “Hot?” “Crowded?” I turn nervously...

Author: By Richard S. Beck, CRIMSON STAFF WRITER | Title: By Its Cover | 10/31/2008 | See Source »

...Oddly enough, though, talk of the Federal Government's possible mortgage bailout is beginning to slow things down. In Los Angeles, it has plugged the deal flow, because banks are now less willing to work things out since they suspect that Uncle Sam may offer better mortgage buyouts. "Recently, a lot of the financial institutions have stopped accepting short sales to find out if the government is going to buy their loans that are in default. They're waiting to see what happens with the recent rescue plan to buy back mortgages," says Fred Arnold, president of the California Association...

Author: /time Magazine | Title: The Housing Bust: Signs of a Bottoming Out? | 10/29/2008 | See Source »

Last week, Tercentenary Theatre was decked out in Commencement fare, festooned with large banners proclaiming that “Green is the New Crimson” in an effort to welcome home eco-wonk-cum-movie-star Al Gore ’69, shown above in classic Uncle Sam pose.But lost amidst the glitz of Harvard’s sustainability efforts was a more meaningful step forward that took place a few hours after Gore’s speech and a few hundred yards to the south: the unveiling of Harvard’s revised master plan for Allston. While...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: Putting the Al in Allston | 10/29/2008 | See Source »

...Uncle Sam has a new name on Wall Street - Sugar Daddy. Bonuses for investment bankers and traders are projected to fall 40% this year. But analysts, compensation consultants and recruiters say the drop would be much more severe, perhaps as much as 70%, were it not for the government's efforts to prop up financial firms. "Year-end pay on Wall Street will be higher than it would have been had it not been for the government and mergers," says Alan Johnson, a leading compensation consultant. "You would expect it to be down much more...

Author: /time Magazine | Title: How Washington's Bailout Will Boost Wall Street Bonuses | 10/27/2008 | See Source »

...exception, though, is Uncle Sam. Even before the financial crisis forced the government's hand, the U.S. had again become addicted to deficit spending - relying on the kindness of strangers (in this case, mainly Chinese and Japanese central bankers) to finance its spendthrift ways. In September the Congressional Budget Office's baseline deficit forecast for 2008 was $407 billion. Now, with the Treasury's massive intervention in support of banks and financial markets ($700 billion at a minimum) and with a second economic-stimulus package a political certainty, the government deficit could soar next year to $1 trillion...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

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