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...interning at an asset management firm in New York, and by the end of the next month—once Bear Stearns had wound-down the funds as officially worthless—all of my colleagues, from the most senior money managers to the lowliest analysts, had sat through a number of crash courses in our conference rooms 40 floors over Midtown, covering the inner-workings of “mortgage securitization.” This process governs how a home buyer’s payments make it from Main Street to Wall Street, and what happens when the flow...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

...sure, I think about that sometimes. But as August rolls around and I prepare for senior year and for the real world, for a recessed economy and a shrinking job market, I prepare for the hundreds upon hundreds of rejections that lay ahead...

Author: By Emily C. Graff | Title: Pass | 8/4/2009 | See Source »

Emily C. Graff ’10, a Crimson senior magazine editor, is a history and literature concentrator in Currier House...

Author: By Emily C. Graff | Title: Pass | 8/4/2009 | See Source »

...cover was conceived and framed by Washington bureau chief Michael Duffy, who set it in motion months ago. The story was written by Washington correspondent Massimo Calabresi and senior correspondent Michael Weisskopf. Calabresi covered the last two years of the Bush White House for TIME and spoke to many of Bush's former political advisers for this story. Weisskopf, a tenacious journalist who lost his right hand while reporting for TIME in Iraq, spent two months interviewing legal sources on all sides of the story, going back to them again and again to clarify the issues...

Author: /time Magazine | Title: History and Health | 8/3/2009 | See Source »

...states carry out these cutbacks, many park officials have started investigating long-term strategies to find more reliable sources of funding. Margaret Bailey, senior vice president at CHM Government Services, a consulting firm in Beverly, Mass., says parks are trying to move away from operating with money in their states' general-fund accounts. These catchall coffers have historically financed public spaces but in recent years have been decimated by legislatures redirecting much needed cash to fill other lines in their budgets. Of the seven state-park systems that are not tethered to general funds, Oregon finances its parks with money...

Author: /time Magazine | Title: State Parks Look for Ways of Surviving the Budget Ax | 8/3/2009 | See Source »

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