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...real problem is that lots and lots of financial institutions are insolvent--their losses, if they actually recognized them, are enough to wipe out their capital reserves. If that's true it would make more sense for taxpayers to give them cash outright, and take a big ownership stake in return (with the idea of selling it off a few years down the road). The Swedish solution, they call it (and longtime readers of this blog know it was being discussed here long before anybody else in the U.S. was talking about it). The version of the bailout plan voted...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

...just a matter of 'because they could'? It was logical for individual Wall Streeters because they could reap big rewards from overleveraging and not necessarily suffer from the eventual fallout. It was not logical for Wall Street firms to do so (because it put their survival at stake) but those firms are after all just collections of individuals...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

...Dexia after news of its U.S.-linked losses sent its share price falling 30%. That followed Sunday's announcement that Fortis, the Dutch-Belgian insurance and banking giant, had been partially nationalized through a $16.4 billion injection from the three Benelux governments, each of which will acquire a 49% stake in operations in their respective countries. In Britain, meanwhile, the government announced this week it had taken control of problem mortgages from Bradford & Bingley, Britain's second biggest mortgage lender. Despite those moves amid the spreading U.S. crisis, however, observers believe European companies and homeowners are not as exposed...

Author: /time Magazine | Title: World Markets React with Caution to US Crisis | 9/30/2008 | See Source »

...These reminders of what's at stake make the facts all the more troubling. The FDA devotes only 3% of its food-safety spending each year to fresh produce, which is especially important because it is often consumed uncooked. It examines less than 1% of produce imported into the U.S., despite the fact that the amount of imported food has grown dramatically in recent years...

Author: /time Magazine | Title: The Holes in America's Food-Safety Net | 9/30/2008 | See Source »

...environmental reforms even beyond our own our campus. For instance, in describing campus expansion efforts across the Charles in Allston, Faust stressed her hope that Allston’s green example would serve as an example for the community beyond. “Every one of us has a stake in the outcome of these efforts—and a role to play in their success,” Faust wrote. This year holds enormous potential for Harvard’s green efforts—in Allston and elsewhere—and President Faust has demonstrated herself...

Author: By The Crimson Staff | Title: Sustain Sustainability | 9/30/2008 | See Source »

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