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...feed. And speaking of which, the fourth largest employer in the region, poultry processor Pilgrim's Pride, is now struggling with financing because credit markets have seized. There are 1,500 jobs in the balance if, say, Pilgrim's Pride can't make payroll because it doesn't have access to funds. It is unlikely that any of those workers invested in CDOs. It is certainly possible that some of them are in over their heads on subprime loans. Some 63% of Georgia's subprime loans were late over the past 12 months; 6.2% are in foreclosure, according...

Author: /time Magazine | Title: The Bailout Bill: A Cow Patty for All of Us | 9/30/2008 | See Source »

...journalists, my brother least of all, by arguing that they make mistakes. Nor was I asserting the superior accuracy of historians. I was arguing for the importance of reading all texts critically, a point worth stressing in this new information age, when readers tend to think that they have access to unmediated factual knowledge by consulting their computers. ROBERT C. DARNTON ‘60 Cambridge, Mass. September 19, 2008 The writer is the Carl H. Pforzheimer University Professor and Director of the University Library...

Author: By Robert C. Darnton | Title: Reading Critically, Not an Attack on Journalists | 9/30/2008 | See Source »

...York Times' Joe Nocera. I've heard him discuss business news in layman's terms masterfully on NPR for years; if anyone could put this in perspective succinctly, I thought, it would be him. But his answer was yet another of those general explanations - businesses lose access to money, people lose jobs - that avoided that essential question of degree...

Author: /time Magazine | Title: Is the Media to Blame for the Bailout Bust? | 9/30/2008 | See Source »

...doors open for strangers, a message emphasized over e-mail by Resident Dean Judith F. Chapman and House Master Lee Gehrke. Both strongly discouraged the act known as “piggybacking,” or letting an unfamiliar individual follow a student inside a building that requires card access. But the notice comes too late for Benowitz, who said she would have wanted to know of the DeWolfe robbery sooner. “I’m shocked that we didn’t hear about the first robbery,” she said. The victims of the DeWolfe...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Spate of Robberies Extends to Quincy | 9/28/2008 | See Source »

...Industry stalwarts Bear Stearns and Lehman Brothers have vanished into the ether, while fellow bulge-bracket Merrill Lynch was engulfed by Bank of America. Even the top firms Goldman Sachs and Morgan Stanley have agreed to become bank holding companies, subjecting themselves to restrictive regulations in return for greater access to liquidity from...

Author: By Daniel E. Herz-roiphe | Title: Now What? | 9/26/2008 | See Source »

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