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...Caballero has hit on a critical contributor. Says Stulz, "Investors looking for safe investments in the U.S. created a demand for new products that caused our financial system to work differently from how it had worked in the past and to become more fragile in ways that were not well understood at the time." (See the top 10 crooked CEOs...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

...gave lenders the ability to make more loans, allowing more people to buy houses and push up real estate prices. Many of those loans, it turns out, were made to people who couldn't afford to pay. What happened next - real estate bust, foreclosures and Wall Street mayhem - is well known...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

...prevent a similar crisis from happening again is the question that Caballero thinks we are getting wrong. He believes reforming the U.S. financial system is only part of the answer. Foreign investors, he says, need to change their behavior as well. Specifically, Caballero believes the U.S. needs to encourage foreign governments to hold a range of U.S. investments, instead of just funneling all of their money into say Treasuries or mortgage bonds. One way to do that is to require foreign governments or investors who only buy Treasuries or mortgage bonds to place a certain portion of their U.S. investments...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

...Increase CO2 without increasing the other factors, and you can get plants that are bigger, but relatively deficient in, say, nitrogen - meaning insects may have to eat more of each plant to stay healthy themselves. Some FACE experiments look at the effects of variations in rainfall and nutrients as well as CO2. "Surprisingly," says Lobell, "you get different answers when they vary one at a time than when they vary together. It means there are a lot of interactions between the factors...

Author: /time Magazine | Title: Even Plants May Not Like a Warmer World | 1/15/2010 | See Source »

...well-established in Haiti,” said Andrew R. Marx, director of communications at PIH . “We have a network of hospitals to provide emergency assistance...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Harvard Lends Helping Hands to a Shaken Country | 1/15/2010 | See Source »

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