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...bottom of any kind of bear market you get some level of fear and capitulation. It's hard to know the precise point of the extreme, but today there are many things that tell me that fear is way over the top, not the least of which is the level of cash holdings by private households and businesses as a percent of GDP - it's at a post-World War II high. There's so much sideline buying power - dry powder - and everywhere you look and it shows up in the Fed's statements. Part of this is because...

Author: /time Magazine | Title: Is The Stock Market Bottoming? | 2/25/2009 | See Source »

...don’t point it out because it’s a personal blog. Those are blogs that don’t have to do with the course I’m teaching,” Burt said. “I don’t tell students to read my personal blog, I want them to read more Wordsworth.” Molly O. Fitzpatrick ’11, who is currently enrolled in English 10b, agrees with Burt. “I don’t think sharing one’s personal life is necessary...

Author: By Laura C. Schaffer, CONTRIBUTING WRITER | Title: Profs Online: From FYI to TMI | 2/25/2009 | See Source »

...ferries were the first to arrive, and although they're not made for rescue, they did an incredible job. I know this river, having swum in it as a boy. The Hudson is an estuary - part salt and part freshwater - and moves with the tide. I could tell the tide was moving out because we were tacking slowly south toward Ellis Island, the Statue of Liberty and the Battery...

Author: /time Magazine | Title: From Park Avenue to the Hudson: A Flight 1549 Diary | 2/24/2009 | See Source »

...mails from across the firm and I am so grateful for the outpouring of interest and concern. We all fly a great deal or work with someone who does and so I wanted to share this story - the story of a miracle. I am thankful to be here to tell the tale...

Author: /time Magazine | Title: From Park Avenue to the Hudson: A Flight 1549 Diary | 2/24/2009 | See Source »

...first thing that comes to mind is, 'O.K., he's going to tell us what time we need to have our things packed,' " says senior Anya Dixon, 28, a music industry major. Luckily, the news was better than expected: Pritchett detailed an emergency backup plan, explaining that if the water stopped flowing, the school would suspend classes and arrange alternative housing and food services. But it would not close altogether. "A lot of people were relieved to know there was still hope," says Dixon, adding that because the school's tuition is just $7,000 - far below the average...

Author: /time Magazine | Title: Sparing a Dime to Save a College | 2/24/2009 | See Source »

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