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...Judged by liquidation value--what they could get for selling their assets on the open market today--most major banks in the U.S. are probably insolvent and due for a total government takeover. But that isn't the standard banks are judged by. In a panic, markets for certain assets simply stop functioning, and relying on the market to determine the health of banks means succumbing to panic. Then again, relying on bank execs to price their assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities...

Author: /time Magazine | Title: Nationalizing Banks: What's All the Fuss? | 2/26/2009 | See Source »

Like most of the world's favored travel destinations, tourism-dependent Paris is looking for ways to ride out what promises to be a dismal, recession-plagued 2009. There are bargains to be had, and the welcome mat will be out, defying Parisians' reputation for a certain aloofness when it comes to receiving visitors...

Author: /time Magazine | Title: Much Greater Paris | 2/26/2009 | See Source »

...University’s decision stemmed from its commitment to adhere to certain codes of conduct with respect to workers’ rights as a member of the Fair Labor Association and the Worker Rights Consoritum, two global workers’ rights groups...

Author: By Margherita Pignatelli, CONTRIBUTING WRITER | Title: Harvard Ends Deal With Russell | 2/26/2009 | See Source »

...really an outstanding neurosurgeon and I believe his character is exemplified by the thousands of patients he has cared for,” Lion said. “We believe that there are certain flaws in the findings of Dr. Day and we are going to take all the appropriate motions with the court to have them vacated...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Doctor Found Guilty In Lawsuit | 2/26/2009 | See Source »

...English concentrator Amber A. James ’11 said she is happy with the new curriculum. “I joined the English concentration to learn the canon of literature, but there is also a certain degree of agency I want in that,” she said. She added that she believes students will learn more in smaller classes, though she said she hopes concentrators will still have the choice to take English 10a and 10b as electives...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: English Revamps Course Selection | 2/26/2009 | See Source »

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