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...financial panic, markets for certain assets simply stop functioning, and relying on market prices to determine the health of banks would simply mean succumbing to the panic. Then again, relying on bank executives to accurately price their own assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't decided yet how exactly to do that. For the moment, determining the health of banks remains a government judgment call...

Author: /time Magazine | Title: The Beleaguered Banks Get Ready for Their Big Test | 2/24/2009 | See Source »

...pilot program that shares research librarians between Cabot, Lamont, and Widener libraries. The program, which may cut costs, will encourage collaboration between librarians and will help fill staff vacancies remaining empty as a result of the staff hiring freeze announced in November, Brainard said. In addition, HCL will stop manually sifting and processing individual issues of common periodicals when they arrive at the library. Though less vigilant processing poses a “bit of a risk,” Brainard said staff could be put to better use by focusing on the more unpredictable, uncommon serials. The cost reduction...

Author: By Esther I. Yi and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Faced with Budget Cuts, Harvard College Library Consolidates | 2/24/2009 | See Source »

...Mankiw should reevaluate some of his economic theories in the cold light of reality. As policy, his theories have led our country to economic calamity. Many neoconservatives are bright and certainly influential. Their ideas count. For the sake of our country, they should rethink their core economic beliefs and stop supporting the failed Bush economic policies...

Author: By Thomas J. Donahue | Title: More of the Same Neocons | 2/24/2009 | See Source »

...wider readership, as more people will be traveling according to a student’s guide and budget.” A growing focus on study abroad at Harvard is also likely to help keep Let’s Go afloat. “Students are not going to stop studying abroad because of the economic situation,” Rakich said. Gordon is even more optimistic. “If anything, the numbers of traveling students will increase in the next few years,” she said.LET’S GO FURTHERBacked by a new publishing firm...

Author: By Stephanie M. Woo, CONTRIBUTING WRITER | Title: Ready, Set, Let's Go | 2/24/2009 | See Source »

...Señor! You must stop at once! Those are not spirits but taxis! And while any spirit would unquestionably tremble at the sight of one so ferocious, these beasts are so many, and made of metal so thick, that one cannot help but doubt the effectiveness of your lance. Such action will do little to quell the fears of those who call you ‘quixotic.’ Besides, all arms we have are needed in Afghanistan...

Author: By Jessica A. Sequeira | Title: Tilting at Windmills | 2/24/2009 | See Source »

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