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...that point, pressure mounted from regulators, the Federal Reserve and Congress on the Financial Accounting Standards Board to loosen accounting rules so that the toxic assets' book value could be marked up to buttress the banks' balance sheets - conveniently raising the assets' potential sales price at the same time. And in late March, days before the meeting with the bank CEOs, Geithner and Obama unveiled the government subsidies for buyers, drawing big names like Blackstone and Pimco into the market to purchase the assets from the banks and resell them...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

...internment camp. So it was a strange place, where although everyone spoke English—it had been in American possession for some decades—still, I was the only American kid in our mountain village, and although I had playmates, who were fairly social, I think still books were a refuge, a contact with the world I knew I had once come from and couldn’t remember. And then when we did move to Maine, it was difficult for me to really be an American kid. I started fourth grade. It was the first time...

Author: By Kriti Lodha, CRIMSON STAFF WRITER | Title: An Interview with the Damrosch Duo | 4/16/2009 | See Source »

Paper is everywhere. Manila folders burst out of shelves in the publicity hallway, overflowing with press releases and reviews for past titles. Books fill the offices of the small three-story building. Clothbound volumes decades old press up against colorful editions published this year. Jacket covers hang on the walls in lieu of pictures.These people love books. Welcome to the Harvard University Press.Founded in 1913, the Harvard University Press is one of the nation’s most renowned university presses. Its collection of scholarly books, as well as the Loeb Classical Library and I Tatti Renaissance Library, have earned...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: A Pressing Situation for Books | 4/16/2009 | See Source »

...authors of a book on the interface between internet and politics ascribed a recent national political realignment to the rise of a “Millennial Generation” immersed in on-line, social-networking technologies at an Institute of Politics event yesterday. Authors Morley Winograd and Michael D. Hais, together with Kennedy School professor Elaine C. Kamarck, emphasized the centrality of a young generation—born between 1982 and 2003—to the rise of the Democratic party in the 2008 election, and said that the influence of this “Millennial” voting bloc...

Author: By Gulus Emre, CONTRIBUTING WRITER | Title: Authors Speak On Internet’s Power | 4/16/2009 | See Source »

...part of the "Euro-Palestine" list of candidates running for the European Parliament. In June, he's fronting an "anti-Zionism" group that also includes a former Le Pen speech writer, a radical black supremacist, and an author whose 2002 book The Horrifying Fraud became a bestseller in France by alleging that 9/11 was an inside job carried out by the U.S. government...

Author: /time Magazine | Title: French Comic Accused of Anti-Semitism Again | 4/15/2009 | See Source »

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