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...Willem Buiter, a political-economy professor at the London School of Economics, says that although the infusion of capital and soft loans in the financial sector "violates the letter and spirit" of standing E.U. laws on competition, European officials are turning a collective blind eye because of the credit crisis. Still, Buiter counsels Europe against matching any eventual bailout of the Big Three with aid to its own automakers. "If the Americans want to extend the life of the dinosaurs at public expense, they are free to do that," he says. "But if I see someone else jump...

Author: /time Magazine | Title: Detroit Bailout Fueling Trade Tensions with Europe | 12/2/2008 | See Source »

...When the tune of “10,000 Men of Harvard” played as the credits rolled, I could barely contain the urge to sing along. There was no cynicism involved, only a repeat performance of that genuine school spirit that Harvard students usually only get to experience once a year, and now I had enjoyed another inspiring Crimson victory less than a week after this year’s installment of The Game...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AMOR PERFECT UNION: Enjoying Harvard’s ‘Win’ on Screen | 12/1/2008 | See Source »

...Getting back in touch with the root importance of these events reinvigorated a fundamental spirit of change and the means to create a real impact for people outside of the Square, with which Harvard does indeed empower us, should we choose to embrace such means and events...

Author: By Jason Y. Shah and Bianca A. Verma | Title: Taking a Stand | 12/1/2008 | See Source »

...people. Mumbai, the country's financial center, was attacked in a series of bombing in 1993 that killed 257 people, and again in the 2006 train bombings that killed 184. Each time, the city dusted itself off and got back to work, buoyed by the seemingly indomitable "Mumbai spirit." But this time, Mumbaikars aren't in a rush to restore normalcy; they want answers and they want changes. (See pictures of Mumbai in the aftermath of the attacks...

Author: /time Magazine | Title: Angry Mumbai Wants Answers, Changes | 12/1/2008 | See Source »

...Ramanathan, a radio talk-show host whose morning program has been flooded with emotional phone calls from listeners reacting to the massacre. "But after these recent attacks, people are saying let's not pretend everything's all right. We don't need to make a show of the Mumbai spirit when what we need now is to make sure this will not be forgotten, all will not be normal again...

Author: /time Magazine | Title: Angry Mumbai Wants Answers, Changes | 12/1/2008 | See Source »

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