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...focus now is on the insurance giant AIG, where fears are that losses in real estate investments will spark a credit-rating downgrade that could lead to the firm's unraveling. On Sunday AIG reportedly asked the Federal Reserve for a $40 billion bridge loan to tide it over. On Monday the firm initially got a special dispensation from the governor of New York, the state that regulates it, to tap $20 billion in capital from its subsidiaries. Then it paid a visit to the Federal Reserve Bank of New York, where President Tim Geithner turned down its loan request...

Author: /time Magazine | Title: Wall Street Feels the Shock Waves: Bad But No Chaos | 9/15/2008 | See Source »

Rumors that foster conflict between groups are quite damaging. Racial rumors that lead to dehumanizing of other groups of people fall into this category ("group X eats humans" or "has cheated the majority"). Rumors that foster distrust between groups also belong here. More spectacular are the many rumors that spark riots in conflict-ridden situations: a civil-rights era government commission found that more than 65% of riots were set off by rumors...

Author: /time Magazine | Title: Q&A: How to Combat Gossip | 9/15/2008 | See Source »

...team’s sloppy play. HARVARD 18, WASHINGTON & JEFFERSON 7 The Crimson looked at home in the pool in its opening game, dispatching the Presidents with a flurry of offense. Tune netted seven goals to lead all scorers, but Harvard drew on numerous swimmers for an offensive spark. Lee tallied a hat trick as one of eight different players to score for the Crimson. Lee deflected any personal accolades choosing instead to highlight the group effort. “The hat trick was nice, but the team as a whole really played well,” he said...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Season-Opening Split in the Pool for Harvard | 9/14/2008 | See Source »

...surgery, he has not let his injury affect his ability to lead the team offensively, scoring at least one goal in each of the Crimson’s matches this season. In yesterday’s game, he came off the bench in the 14th minute to give a spark to the Harvard offense. “Mike came in and he was a shot of energy off the bat,” co-captain Luke Sager said. The Harvard men also added two new members to its list of 2008 scorers, with goals by junior Adam Rousmaniere and senior...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Vermont Shelled By Harvard Offense | 9/14/2008 | See Source »

...remained, indeed almost structurally preserved by the very way Kashmir is governed. It is part of a single Indian state called Jammu and Kashmir (J&K), where Jammu is a majority Hindu area which waters down the numbers of Kashmir's majority Muslims. And so, it took just one spark for the old fire to come roaring back...

Author: /time Magazine | Title: Clashing Over Kashmir | 8/24/2008 | See Source »

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