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...details of the government's role in keeping the lights on at what was once the nation's largest bank will again be on display on Thursday. For the first time, Citi's CEO will testify before the Congressional Oversight Panel (COP), set up by Congress to monitor the government's bailout of the financial system. Elizabeth Warren, a Harvard professor and longtime critic of the banking industry, heads the COP. Also testifying before the panel will be Herb Allison, who runs the Treasury Department's Troubled Asset Relief Program (TARP), the main vehicle the government has used to assist...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

...climate scientists don't have all the answers, as they will freely and frequently admit, and even when researchers uncover a new piece of data, it isn't always clear what it means. That's very much the case with a new paper about methane emissions, published Thursday in Science. Based on a series of expeditions to the margins of the Arctic Ocean by ship and helicopter, University of Alaska researcher Natalia Shakhova and her colleagues report that methane, a greenhouse gas that is 30 times more effective in trapping heat in the atmosphere than carbon dioxide, is bubbling...

Author: /time Magazine | Title: More Warming Worries: Methane from the Arctic | 3/4/2010 | See Source »

...dining options, such as closing two Quad houses at lunch time, in exchange for opening one Quad and one river house for hot breakfast each day.  The survey data and suggestions will become the foundation for discussion at the next Committee on Student Life meeting this Thursday...

Author: By The Crimson Staff | Title: Bringing Home the Bacon | 3/2/2010 | See Source »

...What happened here obliges the international community - including France - to reflect on the errors which prevented us from foreseeing, or stopping, this appalling crime," Sarkozy said Thursday, Feb. 25, in Kigali, marking a break with France's unwavering position that it acted rapidly to halt the massacre. "Errors of appreciation, political errors were committed here, which had absolutely tragic consequences. What happened here is a defeat for humanity." (See pictures of Sarkozy...

Author: /time Magazine | Title: France's Belated Mea Culpa on Rwanda | 2/26/2010 | See Source »

...Financial markets are amoral, feral beasts. If they see a weakness, they go for it. And Greece was seen as weak." He admits that the role of Goldman Sachs and other major banks in helping Greece disguise its mounting debts - which U.S. Federal Reserve Chairman Ben Bernanke pledged on Thursday, Feb. 25, to investigate - reinforces the image of evil geniuses pulling the market's strings. But Begg stresses that conspiracy theories were being bandied about long before the Goldman Sachs revelations emerged and were characterized by deliberately vague allegations about political and media interests...

Author: /time Magazine | Title: What Caused the Euro Crisis? | 2/26/2010 | See Source »

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