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...argument over the Treasury Department's use of new TARP funds and other stimuli focused a great deal on putting $500 billion into propping up banks and another $1 trillion into freeing up credit. Some media outlets put the total number closer to $2 trillion. The truth is there are so many moving parts in the programs that it is easy to see how even the most sophisticated observers might miss a detail...

Author: /time Magazine | Title: How The Treasury Can Always Add More to the Bank Rescue | 2/11/2009 | See Source »

...announced on Jan. 7 that China was finally ready to join the party. And despite its late arrival, the debut of 3G, which allows much faster data-transmission speeds and services like Web-surfing and video-streaming, promises to be quite a blowout. Government and private-sector estimates put total probable expenditure on 3G in China - whose 630 million users make up the world's largest group of mobile subscribers - at a whopping $59 billion over the next three years. That bonanza will be virtually the only bright spot in the otherwise gloomy outlook for Chinese and foreign cellular-network...

Author: /time Magazine | Title: Booster Shot | 2/11/2009 | See Source »

...rivalry.” The game saw three Crimson players in double-digit scoring, including Alemany, who posted 13 points. Senior Emily Tay led the team with 19 points and five assists, followed by freshman Brogan Berry who tallied 18 points. Along with contributing to the point total, Alemany led the Crimson’s defensive efforts with a career-high six steals and seven rebounds. Harvard came out of the locker room aggressively, taking a 4-2 lead off a Berry jumper only two and a half minutes into the game. Yale was relentless as it went...

Author: By Evan Kendall, CRIMSON STAFF WRITER | Title: Harvard Sneaks Past Bulldogs | 2/9/2009 | See Source »

...endowment, HMC has drawn renewed criticism from some alumni, who called for the University to withdraw the multi-million dollar bonuses paid to top managers in a letter to University President Drew G. Faust. Former endowment chief Mohamed A. El-Erian and his five highest-paid associates received a total of $26.8 million in compensation for the year ending last June. In 2003, the same group of alumni from the College’s class of 1969 led a charge to reduce what they saw as exorbitant compensation, ultimately contributing to the departure of several top HMC managers including long...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Recent Hirings Dropped from HMC | 2/9/2009 | See Source »

...What you find is that suicides happen because of the total burden the person is feeling, how much they feel things can't get better and they can't tolerate the psychological pain they are experiencing," says Dr. John L. McIntosh, a psychologist and suicide expert at Indiana University. "Sometimes it takes years for the effect of economic downturn or instability to trickle down to the level of the psyche or penetrate the psyche, to get under the skin to produce some of the negative outcomes such as suicides...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

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