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...Both the 1933 panic and the current credit crisis yield the same message: strong, cooperative leadership from the Fed is the key to inspiring confidence in both consumers and major private sector actors. Like any executive action, this leadership demands rationale—a justification for others to invest. Geithner must look to the failures of his predecessors in order to succeed...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

...would only reduce moral hazard. “Once we [have an implicit guarantee], his approach has to be correct­—has to be,” Di Tella said. “In a very uncertain time I think that’s a very strong statement to make.” —Staff writer William N. White can be reached at wwhite@fas.harvard.edu...

Author: By William N. White, CRIMSON STAFF WRITER | Title: Congress Draws on Prof’s Paper | 2/17/2009 | See Source »

...that engenders this kind of abuse—allowing homophobia to grow in what is supposedly a safe space. This is especially disappointing considering past efforts to guarantee a workplace free of verbal harassment and intimidation at Harvard. In the late 1980s, Harvard dining-hall workers fought to gain strong anti-discrimination language in their contracts. This progressive victory in the 1980s should have been enough to ensure that no Harvard student or employee is ever called, for instance, a lesbian in an insulting way without consequences for the offender. Yet clearly the language was not strong enough, and perhaps...

Author: By Megan A. Shutzer | Title: Not at My Harvard | 2/16/2009 | See Source »

...said. “She’ll probably not miss another one for the rest of the year.”Berry, though, was able to collect herself and hit the second to pull Harvard to within one.Knowing that it needed a stop, the Crimson stood strong on the defensive end of the floor, forcing a bad Lions miss. However, Columbia grabbed the offensive board and was able to call timeout with five seconds left on the shot clock.Off the inbounds, the Lions were still unable to find an opening. But right as the shot clock struck zero...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Upstart Lions Upset Crimson in Close Game | 2/16/2009 | See Source »

...woes have an obvious cause: the public perception is that his administration has failed to come up with strong enough medicine to counteract the country's increasingly dire economic plight. The world's second-largest economy shrank at an alarming annualized rate of 12.7% last quarter, its worst quarterly contraction since the 1974 oil shock. Exports also fell an unprecedented 13.9%, while the unemployment rate shot up to 4.4% in December, reaching levels not seen since World War II. "There is no doubt that the economy is in its worst state in the postwar period," said Economic and Fiscal Policy...

Author: /time Magazine | Title: Japan's Prime Minister Aso Faces Ugly Economic Truths | 2/16/2009 | See Source »

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