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...their balance sheets to make it through the year without large cash infusions. If anything like that is true, how well all the medium-sized banks are doing is hardly material. Since Geithner did say that only about $110 billion of the TARP was left in reserve, the water is inching toward the top of the levy. He did not refer to the new IMF data which came out just before his testimony. It said that worldwide banks were facing more severe write-offs. That fact was conveniently left outside the door...

Author: /time Magazine | Title: Tim Geithner Thumbs His Nose at Congress | 4/22/2009 | See Source »

...Though restaurants naturally consume a large quantity of water and energy and produce both organic and inorganic waste, several local food services establishments said that they are making green changes...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Local Stores Celebrate Earth Day | 4/22/2009 | See Source »

...Besides ongoing efforts to use local produce and reduce energy usage, UpStairs began offering in-house filtered water last month as an alternative to the imported water it usually serves. Bottled water is still offered on the menu, but Deibel said the response to the filtered water alternative has been “very positive...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Local Stores Celebrate Earth Day | 4/22/2009 | See Source »

...working with Cambridge Local First—a network of locally-owned businesses—in the next month to conduct an environmental audit to assess its practices. Penn said that the restaurant currently composts and recycles, and its vegetarian menu is good for the environment, since less water, land, and energy are used than for meat production...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Local Stores Celebrate Earth Day | 4/22/2009 | See Source »

...Solem also said that being environmentally friendly supersedes the desire to maximize profit, a viewpoint unique among the businesses owners contacted. The two establishments are looking into installing solar thermal panels to heat water, a technology that would require a 30-year payback period while needing replacement every 15 years. Though the solar thermal panels would not be cost-effective, Solem said that she will probably install them anyway in order to support the industry and promote their...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Local Stores Celebrate Earth Day | 4/22/2009 | See Source »

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