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...Business School. “The implications of the bailout are much larger than dollar value.” The real question is what American taxpayers want the government to do, he added. “By allowing this bailout to go forward, we are putting greater weight on financial stability than financial innovation, and the government will have more responsibility for the financial system,” he said. Clayton S. Rose, a senior lecturer of business administration at the Business School and the former head of the Global Investment Banking and the Global Equities Divisions at J.P. Morgan...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Professors Address Finance Fears | 9/24/2008 | See Source »

...Fanton says. "I'm struck by what good, humble people they are." He notes that some fellows (like physician Paul Farmer, 1993) have donated their winnings, while others have shared it with colleagues. History is littered with intellectual giants - think Nietzsche or Van Gogh - whose minds buckled under the weight of their thoughts. But Fanton says the vast majority of MacArthur Fellows are sunny and energetic, propelled by the belief that they can make the world a "better, more interesting, more beautiful" place...

Author: /time Magazine | Title: The 'Genius' Grant | 9/23/2008 | See Source »

...though he undoubtedly meant what he said, Wen's mea culpa must carry less weight than it would have a few years ago - on previous occasions he has been obliged to ask the people's pardon for everything from the deaths of coal miners and polluted drinking water to train passengers stranded by the authorities' inadequate response to a severe snowstorm. Faced with an ever expanding crisis over poisoned milk products and a string of other recent accidents that left hundreds dead - all directly attributable to administrative negligence or corruption - ordinary Chinese might be excused for asking themselves whether...

Author: /time Magazine | Title: China's Poisoned-Milk Scandal: Is Sorry Enough? | 9/23/2008 | See Source »

...weight of history has become too heavy. As the events of the last week unfolded, ad hoc solutions from Bernanke’s Fed and the Treasury, led by the vigorous former Goldman Sachs CEO Henry M. “Hank” Paulson, proved unable to bring lasting calm to the market: Neither lower interest rates, nor greatly expanded liquidity helped thaw frozen credit markets. Even after brokered shotgun weddings like those of Merrill Lynch and Bank of America or Bear Stearns and JP Morgan Chase, what Professor Kenneth Rogoff once called the “flagship?...

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

...success. “Sequestered in Memphis” thrives on fuzzed-out guitar and stuttering horns, and “Slapped Actress” succeeds through the dichotomy of delicate piano and a massive guitar line. In contrast, “Navy Sheets” suffers under the weight of up-front New Wave keyboards and “Both Crosses” sounds out of place with its theremin accents and banjo outro. However, the secret to the album’s strength isn’t its beefed-up sound, but rather Craig Finn?...

Author: By Jeffrey W. Feldman, CRIMSON STAFF WRITER | Title: The Hold Steady | 9/19/2008 | See Source »

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