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...Paulson, Federal Reserve Chief Ben Bernanke and Bair have done so far has been to erect ad hoc pillars in the crisis: guaranteeing money-market funds after a run began on them in October; opening the Fed lending windows wide to keep credit from freezing completely; and intervening to wind down big players with a semblance of order, without which we could have seen a retail panic against a Merrill or Wachovia or AIG. As Treasury Secretary, Geithner will play a large role in erecting the last pillar - regulating risk and leverage in the shadow banking system...

Author: /time Magazine | Title: Obama Picks Geithner, an Insider, for Treasury | 11/22/2008 | See Source »

With the possible exception of Barack Obama's puppy-anticipating daughters, no one is more eagerly awaiting the incoming Administration than the leaders of the renewable-energy industries. President-elect Obama campaigned on the promise to spend $150 billion over the next 10 years to support alternative energy, like wind and solar, as well as the green jobs that the sector has the potential to create. At California Gov. Arnold Schwarzenegger's climate summit on Nov. 18, Obama, in taped remarks, reaffirmed that he would hold fast to those campaign promises, starting with mandatory caps on greenhouse gas emissions. "This...

Author: /time Magazine | Title: Is Obama's Energy Plan Enough? | 11/22/2008 | See Source »

...press conference last week the leaders of the solar, wind, geothermal and hydropower industries called on Obama and the incoming Congress to look ahead. First, energy leaders asked Obama to immediately adjust the alternative-energy production credit to provide green investors with a cash rebate, rather than a tax reduction. With the economy tanking, simple tax credits - which Congress renewed in October and without which the renewable-energy industry would not survive - aren't the lure they once were for companies looking to invest in new energy projects...

Author: /time Magazine | Title: Is Obama's Energy Plan Enough? | 11/22/2008 | See Source »

Halftime: the wind continues to blow hard here at the Stadium, as the Yale band showcases Eli creativity by doing essentially the same sketch that the Penn band did last week...

Author: By Crimson Sports Staff | Title: HARVARD-YALE LIVE BLOG | 11/21/2008 | See Source »

...they're meant to be. The Grippa Slip Pens work fairly well, and their bookmark design fits great into planners, datebooks and checkbooks - if you use any of these things anymore. In any case, these pens are nice to stash in random places just for those times you might wind up needing them. Price: $2; cheaper when purchased in bulk...

Author: /time Magazine | Title: The Old Art of Writing Needs a Cool New Pen | 11/20/2008 | See Source »

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