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...bailout plan in some kind of perspective: Paulson would rule over a pile of assets that exceeds the annual Pentagon budget of $507 billion by nearly 50%. For at least the next year, and perhaps for years after, Treasury's spending authority will make it harder for the next President to fulfill campaign promises and pump money into new priorities. Depending on how Paulson's power is structured, it could even postpone new federal spending on health-care reform or infrastructure improvements, or hasten the need for increased taxes and deep spending cuts. A similar challenge faced incoming President George...

Author: /time Magazine | Title: After the Financial Crisis, a Cleanup That Changes Everything | 9/22/2008 | See Source »

...town. If it fails to provide results, physicists worry they will have to struggle to justify new, even more powerful machines, not to mention the salaries of thousands of scientists needed to build and operate them. Already, the LHC has been delayed several years and is significantly over budget...

Author: /time Magazine | Title: Why The Large Hadron Collider Is Already On The Fritz | 9/22/2008 | See Source »

...with the ego of Labor leader Ehud Barak, a medaled ex-general and former Prime Minister who finds it difficult to take orders from Livni, a relative newcomer to Israeli politics. Experts say that Barak wants Livni to give Labor better cabinet posts and may want Olmert's 2009 budget rewritten. Livni has one advantage: polls show that in an early general election, Labor under Barak would take a beating, so he is likely to sign up with...

Author: /time Magazine | Title: What Olmert's Resignation Means for Israel | 9/22/2008 | See Source »

...during the Savings and Loans crisis to avoid dumping real estate assets after bank failures, and thus to avoid a further decline in real estate prices through the usage of federal funds. The current proposal is explicit about its monumental cost: $700 billion, a sum larger than the 2009 budget of Medicare and Medicaid, which also dwarfs the de facto nationalization of Fannie Mae and Freddie Mac just weeks...

Author: By Pierpaolo Barbieri | Title: The Bubble Doom | 9/21/2008 | See Source »

...With this increased budget, OCS should encourage more employers outside of the finance and consulting sectors to host on-campus recruitment meetings. Hosting industry-wide conferences—in conjunction with recruitment meetings—might provide companies with a financial incentive to come to Harvard. Second, while students ultimately must find their own jobs, OCS can and should “advertise” Harvard students to the job market. One way they could do this would be to create an online tool similar to the one used by On-Campus Recruiting that puts student resumes...

Author: By The Crimson Staff | Title: Diversity Recruiting | 9/18/2008 | See Source »

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