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Without a doubt, the financial meltdown and its ensuing horrors began on Wall Street. However, Main Street is not a totally innocent lamb in all this. Yes, the greedheads tempted us with mortgages and other products we couldn't afford. But you could have said no, as many of us did. And you could have tried to live within your means or, better yet, below them, instead of falling prey to financial fantasies...
...that doesn't mean that Goldman, JPMorgan and every other bank in the country weren't bailed out. Had the world economy melted down and more giant institutions failed, even strong firms like Goldman would have gone under. In July, Goldman acknowledged this, more or less, when it graciously - yes, graciously - paid a full price of $1.1 billion to redeem stock-purchase warrants it gave the government for lending it $10 billion of TARP money. (See pictures of the stock market crash...
...estimates are correct (and the brain break crowd at Kirkland dining hall comprises a sufficient sample of the Harvard student body), approximately 60% of you are saying to yourself, “Wait, Harvard has a Homecoming?” Yes we do, and yes, it was this past weekend. Organized by the Harvard Alumni Association (HAA), Homecoming was a complete failure. There were no student-centered events, no flyers, not even a banner at the game that heralded its significance. Unless you were involved with the game or had recently-graduated friends pass on information from the alumni mailing...
...exciting for people." A marketing exec from a rival studio acknowledges the success but sniffs, "It's that old Vegas-concert, Disney-movie hypo-o-meter trick." The exec adds, "If sales go well and there's demand, then they suddenly find a way to extend the engagement." So, yes, there may be more "It" to This Is It. (See TIME's complete Michael Jackson coverage...
...officially declare the H1N1 swine-flu virus a national emergency came with a speedy caveat: Don't panic. The declaration was just a formality, the White House explained, a way to allow hospitals to circumvent unnecessary restrictions in order to bring about quicker, more effective swine-flu treatment. Yes, H1N1 cases are on the rise - 46 of the 50 states are experiencing widespread influenza activity, according to the U.S. Centers for Disease Control and Prevention - but it's hardly a horrific doomsday scenario and nothing like the movie Outbreak. And yet it's still an emergency. (See pictures of soccer...