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...set up last fall as part of legislation that gave the Treasury Department permission to spend $700 billion to rescue the nation's ailing financial system. The panel, which is headed by Harvard Law professor Elizabeth Warren, has no legislative or official regulatory powers. It is supposed to monitor the Treasury's spending and report back to Congress as to whether it is being effective in boosting lending and shoring up the financial sector...
...lending. Nadler said he thought private investors would be interested in helping fund the new banks. A number of the panelists thought the government's TALF and PPIP programs meant to boost lending were helpful but not the answer. Parkus said he thought extending the terms of commercial loans set to default would only delay the problem and make it worse. As more and more bad loans pile up, he predicted, it will become progressively harder for any of them to get refinanced...
...fellows] are specialists in covering certain areas of the world or the country, and Harvard has a lot of experts and researchers in their field who would love to work with them,” Giles said. The fellows’ chosen areas of study span a diverse set of issues. According to a press release for the foundation, Beth Macy, the families beat reporter at "The Roanoke Times," will study the financial, social, and political impact of the aging baby boomer population; former NBC correspondent and current freelance multimedia journalist Kevin Sites will focus on developing a model...
...more than 31 miles (50 km) from a station served by Alta Velocidad Española (AVE) trains, which have a top speed of 218 m.p.h. (351 km/h). Italy and the Netherlands are also on a track-laying spree. All told, nine E.U. nations operating high-speed rail are set to spend a total of some $200 billion in the next decade to triple their combined track length from 3,100 miles (5,000 km) to 9,300 miles...
...further complicate matters, new companies are looking to muscle their way onto the tracks. Italian start-up Nuovo Trasporto Viaggiatori (NTV) is set to launch Europe's first privately operated high-speed service in Italy in 2011, in competition with Italy's former rail monopoly Trenitalia. Headed by Fiat and Ferrari CEO Luca Cordero di Montezemolo, NTV plans to establish a broad network of high-speed Italian services that dovetail with French routes run by SNCF, which owns...