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...experts are right, the nation now risks great financial hardship, because there was no one to stand up and explain the situation. The Dow Jones industrial average dropped 778 points on the news. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase...

Author: /time Magazine | Title: The Bailout Defeat: A Political Credibility Crisis | 9/30/2008 | See Source »

...ring, easy access would mitigate the problems with sensitivity. But alas, the College will not let us. Surely, no one wants loose readers that work at too long a range, else concerns over security and safety may dominate. But in its attempts to provide protection, the University need not tighten up so much. After all, increasing the proximity within which the cards can be read will make the experience of opening doors much more pleasurable...

Author: By The Crimson Staff | Title: Tap That | 9/22/2008 | See Source »

...We’re playing stupid water polo and making mistakes we shouldn’t be making.”In particular, concerns about the defense have continued to plague the Crimson, which found itself outscored 41-18 in the tournament.“Our defense is tightening up, but we’re giving up too many transition goals and that has to stop immediately,” Harvard coach Erik Farrar said. “[Team play] is a little raw right now, and we’re not really where we’d like...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Home Stretch Brings Three-Game Skid | 9/21/2008 | See Source »

...were doing. Credit raters, who claim to offer only opinions, are party to Wall Street's cycles too. At the beginning, they're far too lenient with borrowers, who are the ones who pay their rating fees. Then, after a couple of embarrassments - remember Enron and WorldCom? - the raters tighten up, maybe too much. Then memory fades, and the cycle repeats...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

...after spotting CBU a 5-0 advantage in the first quarter. Even though Harvard pulled to within a goal at numerous points during the game, untimely turnovers and a 12-5 ejection margin against the Crimson doomed the squad to its first loss. “We need to tighten up, particularly on counter-attack defense,” Connolly said in reference to the team’s sloppy play. HARVARD 18, WASHINGTON & JEFFERSON 7 The Crimson looked at home in the pool in its opening game, dispatching the Presidents with a flurry of offense. Tune netted seven goals...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Season-Opening Split in the Pool for Harvard | 9/14/2008 | See Source »

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