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...their power, and how complicity spreads or doesn’t spread. 12. FM: For a first-time novelist, you’ve gotten lots of kudos from the literary elite. Were you surprised by the response to this book? CD: You don’t know whether to trust the success and the nice things people say in reviews or not because once the book’s been packaged and the blurbs are on the front, you can’t judge it on your own any more. 13. FM: Have you written anything else since...

Author: By Kirsten E.M. Slungaard, CRIMSON STAFF WRITER | Title: 15 Questions with Ceridwen Dovey | 9/24/2008 | See Source »

...Washington's late 1980s rescue of the nation's savings and loans institutions. This time, the Federal Government wants only to carve out and buy poorly performing mortgages and securities, not the institutions that issued them, which had already gone under (or were on their way) when the Resolution Trust Corporation took them over. Richard Kogan, a federal budget expert at the nonprofit Center for Budget and Policy Priorities, says that buying all those bad assets creates "the greatest possibility of giving the taxpayers a bath." But it also makes for quick and easy implementation. "When...

Author: /time Magazine | Title: 7 Questions About the $700 Billion Bailout | 9/24/2008 | See Source »

...Britons harbor doubts about their politicians - and surveys suggest that they trust them only fractionally more than they trust tabloid reporters - then this week's annual conference of the governing Labour Party may have reinforced their skepticism. For the convocation of activists and career politicians in the northern English city of Manchester was choreographed to banish the one ingredient it purported to promote: public debate. On that measure, Labour scored a resounding success...

Author: /time Magazine | Title: Britain's Gordon Brown Fights for His Political Life | 9/23/2008 | See Source »

...parking space—adorned with potted plants, flowers, and a bed of grass—offered passersby a chance to sit in the sun as part of the National Park[ing] Day event. Started in 2005 as a collaboration between Rebar, a San Francisco art collective, and The Trust for Public Land (TPL), a national conservation nonprofit, the event is a one-day global event to advocate for the conversion of public spaces into parks and spaces to rest and relax. The event was described by organizers as “a global exploration of the creative potential...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Parking Space a Park for Day | 9/21/2008 | See Source »

...fundamental solution to the meltdown, and it curiously seems to embrace the idea of eternal return. The bailout package sent to Congress envisages the purchase of toxic mortgage-related assets from banks by a government agency directly dependent on the Treasury. It has a direct precedent in the Resolution Trust Corporation (RTC), an institution created during the Savings and Loans crisis to avoid dumping real estate assets after bank failures, and thus to avoid a further decline in real estate prices through the usage of federal funds. The current proposal is explicit about its monumental cost: $700 billion...

Author: By Pierpaolo Barbieri | Title: The Bubble Doom | 9/21/2008 | See Source »

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