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...writing them into the rules governing securities firms' capital holdings. Since then, the use of bond ratings in regulation has only grown. Many institutional investors are banned from owning non-investment-grade bonds. Bank-capital requirements--the cash and equivalents banks need to keep on hand--give more weight to highly graded securities. And this is increasingly the case not just in the U.S. but around the world...

Author: /time Magazine | Title: Triple-A Trouble | 3/13/2008 | See Source »

Mafia networks now exert such strong control over local politics that they no longer need protection at the national level. They have learned that throwing their weight around in Palermo or Naples is the way to obtain results in Rome. And no government has managed to blunt the Mob's economic power. In today's Italy, going up against organized crime leads not only to a loss of consensus and votes, but also to a world of trouble in getting public works projects completed. Our failure to take on these Mafias risks letting them live on and thrive forever...

Author: /time Magazine | Title: Maimed by the Mob | 3/13/2008 | See Source »

Plus, I can tell you why food prices are exponentially increasing. It’s not a growing demand coupled with constant supply (sorry, Mankiw). It’s the athletes who eat their weight in roast beef every night, while HUDS serves the morning’s leftover eggshells to the rest...

Author: By D. PATRICK Knoth, STAFF WRITER | Title: Hate It: Athletic Recruiting | 3/11/2008 | See Source »

...Connor said. “But my goal is still the same, to be a national champion.” Freshman Corey Jantzen, the No. 4 seed at 141 lbs, gave perhaps the most promising performance, making good on his ranking by taking fourth in the weight class in remarkable fashion. Jantzen earned a fall in his first round bout in only 24 seconds before defeating Cornell’s Adam Frey, 11-7, in a hard-fought quarterfinal match. Jantzen could not land an upset against top-seeded Matthew Kyler, but the rookie did maintain his confidence and fought...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: EIWA Individual Meet Brings Expected Results | 3/10/2008 | See Source »

...cases of Goolsbee and Power, the comments carried serious weight. Obama was trying to argue before the Ohio contest that he was more trustworthy than Clinton on fixing the flaws in NAFTA - and more trustworthy in general. Power's "monster" comment cast doubt on his campaign's contention that Clinton has been running the more personally negative campaign. Furthermore, steadfast opposition to the presence of American troops in Iraq is one of the chief points of contrast that has benefited Obama in his fight against Clinton. In recent days, news organizations for the first time have stepped up their scrutiny...

Author: /time Magazine | Title: Obama's Big Problem: Neophytes | 3/10/2008 | See Source »

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