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...convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth of new CDs and looking at other banks it might buy. "It's really changing the landscape," says Timothy Koch, a professor of banking and finance at the University...

Author: /time Magazine | Title: The CD-Rate Scramble: Better for Depositors than for Banks | 12/8/2008 | See Source »

Where is the Festivus Pole app, commemorating the holiday's traditional, simple, unadorned aluminum pole? Or what about a Grievances List app, so that one can keep track of all the things people did during the past year that disappointed? It would certainly help observers recite them during the Airing of Grievances, which typically occurs after Festivus Dinner...

Author: /time Magazine | Title: iPhone Apps for the Holidays | 12/8/2008 | See Source »

...addressing neither his Club affiliation nor the Girl Talk debacle. In his rapid-fire manner, he is able to outline members of the College administration, University administration, and the student body who will be able to bring his plans to fruition. But the question of which facets of his track record will stand out to voters remains to be answered this weekend...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: CEB Duo Proposes Reforms | 12/8/2008 | See Source »

...hope heading into the weekend, the young members of the track and field team proved they will be important catalysts for Harvard’s overall success this season by competing near the top at the Husky Winter Carnival at Boston University’s Reggie Lewis Center on Saturday.“It was a good meet,” Crimson coach Jason Saretsky said. “A great start, and it was great to see the freshman get out those jitters in their first time in the Crimson singlet.”The freshman foursome of Lauren...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Crimson Opens Strong at Husky Carnival | 12/7/2008 | See Source »

...Radar. The Federal Aviation Administration green-lighted a new air-traffic control system that will track planes by satellite, rather than radar. This should help establish the most direct flight paths and re-route airplanes more efficiently around bad weather, reducing accidents and delays. The new system will roll out in 2010, with complete nationwide coverage...

Author: /time Magazine | Title: Travel News: Great Places to Skate this Season | 12/7/2008 | See Source »

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