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...Proponents of Treasury's moves so far say the point of the government's rescue plan was not to make money but to save the banking system from collapse. What's more, the preferred shares entitle the government to a 5% dividend, which would be an annual payment of $8 billion on its current investment but could rise to nearly $15 billion. "In theory, if the government wanted to sell [today], it would not get 100 cents on the dollars it invested," says Jean-Francois Tremblay, who follows financial institutions at bond-rating agency Moody's. "But the government...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

...quickly a new story can be written may depend largely upon the Chinese people becoming a whole lot better at consuming more and saving less. But, while the authoritarian government continues to pull the strings in many parts of society, Beijing cannot simply order citizens to buy Gucci for the good of the country and the world. Chinese save much of what they earn because the government has yet to provide the web of social services available in other countries. China's national social security system and government health-insurance schemes are drastically underfunded, and moreover don't cover...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

...some properties that make it intrinsically energy-efficient when used in buildings. It insulates well because it's poured and thus doesn't let in wind and water. Its density also means that it stores heat during the day and releases it at night, making it possible to save on air-conditioning and heating. Architects including Ferrier are playing with such possibilities as they design their new buildings. And the ultra-high-performance concretes can be put to surprising uses: in a showroom on the Lafarge campus, there's a table made of concrete that is so thin and elegant...

Author: /time Magazine | Title: Cementing the Future | 12/11/2008 | See Source »

...collaboration amongst organizations. Never has that been more crucial to the success of groups on campus than in the upcoming year. It is vital that student groups share the best practices—what works and what does not–in order to avoid duplicate efforts and ultimately save groups money. As a member of FiCom for five semesters, I’ve reviewed roughly 2,500 grants. The best events (in terms of impact and attendance) are often those that utilize the strengths of multiple groups with overlapping interests through co-sponsorships to produce and promote a single...

Author: By Anthony R. Britt | Title: Change U Can C | 12/11/2008 | See Source »

...wonder if it occurred to the coked-up brainstorming team who pushed for the film’s reported $90 million budget that a thriller should evoke something in the neighborhood of suspense. “Do they kill Hitler?” “Does Tom Cruise save Germany and reshape the course of the 20th Century?” “Does this involve L. Ron Hubbard in some way?” I won’t ruin the end for you. 2. Sarah Palin—In the style of true insignificance, she will...

Author: By Ryan J. Meehan, CRIMSON STAFF WRITER | Title: Top Five Aggressively Insignificant Artifacts of 2008 | 12/11/2008 | See Source »

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