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Think again of the insured house. Many institutions hold insurance on the house; on the other side are insurance companies and the like making an opposite bet. If the house is destroyed, one group of institutions wins and the other group loses. Considering all institutions together, no money was truly lost - it's what economists call a zero-sum game. In good times, risk-hungry banks loved this game, but now they have become risk-averse, and the game seems to have changed. So how can many of the banks simultaneously claim enormous swap losses without a single bank claiming...

Author: /time Magazine | Title: The Case for Letting AIG Fail | 3/16/2009 | See Source »

...members of the anti-gay religious organization—including a 15-year-old girl and an 8-year-old boy—finally appeared, entering the area the Cambridge Police had designated for their protest. From the other side, separated by two fences and a neutral zone, the counter-protestors began chanting loudly, drowning out the church group’s words and songs...

Author: By Sofia E. Groopman and Michelle L. Quach, CRIMSON STAFF WRITERSS | Title: Cambridge Unifies To Protest Westboro Church | 3/16/2009 | See Source »

...later, during the March 5 oral arguments before the California Supreme Court, which is expected to issue a ruling soon in the case brought by gay couples and others who argue the constitutional amendment passed by voters last fall should be invalidated. Justice Ming Chin asked attorneys for each side whether the idea would solve the legal issues connected to gay marriage - issues that at their core revolve around the question of whether allowing some couples to marry but not others violates constitutional guarantees of equal protection under the law. (Check out a story about the state of marriage...

Author: /time Magazine | Title: A Gay-Marriage Solution: End Marriage? | 3/16/2009 | See Source »

...After struggling to solve lefty Shay Crawford (2-1) the first time through the lineup, Harvard’s sluggers found a groove as Stack-Babich, Albright, Douglas, and sophomore Sean O’Hara alternated singles and doubles. By the time Zailskas ripped a single through the left side, the Crimson enjoyed a 4-0 lead.Despite a strong outing from sophomore starter Dan Berardo, Harvard struggled after the second-year was forced from the game by a line drive into his glove hand. After allowing the tying run to score, Way yielded a three-run home run to take...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Gets Swept by UAB in Trip to South | 3/15/2009 | See Source »

...house with one of the worst reputations on campus—but is the word on the street substantiated? Your affiliation with Dunster House will haunt you, and it's up to you to enjoy its good side and forget that everybody else will make sure you remember how much it supposedly sucks...

Author: By Esther I. Yi | Title: The Housing Crisis: Dunster House | 3/15/2009 | See Source »

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