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...purchase of mortgage assets is going to be the exception," says Thomas Brown, whose hedge fund, Second Curve Capital, specializes in financial firms. "If it does happen, it will be select purchases." Neel Kashkari, who is heading up TARP, has said that $250 billion will cover the demand for direct investments from banks. And Treasury officials say $40 billion of the money that has been spent was a onetime emergency investment into insurer AIG and should not be counted as part of the $250 billion they plan to invest in banks. Still, the AIG investment depletes the amount of money...

Author: /time Magazine | Title: The Bailout Fund — Running Out of Cash | 11/12/2008 | See Source »

Where's the Beef? As a Barack Obama supporter, I was excited to read that your cover promised "Exclusive: Joe Klein Grills Obama" [Nov. 3]. I felt that such a serious turn in reporting was exactly what the country needed. However, the article itself felt barely reheated, let alone grilled. Indeed, Klein refers almost apologetically to an earlier interview in which Obama "grew a bit testy when I pushed him on the need for universal health insurance and a more aggressive global-warming policy." Instead of continuing to push, Klein came off as merely pulling the Obama wagon toward...

Author: /time Magazine | Title: Battling Election Day Glitches | 11/12/2008 | See Source »

...Your cover shouted of an "exclusive" grilling of Obama, yet you sadly missed the opportunity to elicit some answers from the Democratic candidate. There was no grilling to be had. For that, Klein might have had to bring up any one of dozens of serious policy, experience and belief questions that might not serve the campaign's narrative. It is indeed sad that the first time Obama is likely to actually feel any grilling is in the boiler room of the Oval Office. Jeffrey C. Kastelic, CRANBERRY TOWNSHIP...

Author: /time Magazine | Title: Battling Election Day Glitches | 11/12/2008 | See Source »

...small population, I mean myself, and through the course of my extracurricular choices, I have unwittingly become the largest DHA creeper at Harvard.Successfully serving as a sports writer can only be achieved through an impressive depth of knowledge about a number of athletes here at our college. Most writers cover at least two beats each year, leading to an intense one-sided relationship with the athletes on one’s respective teams. Watching the players compete in every match, piling up statistics over the course of the season, finding out little personal tidbits that will develop into intriguing features...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: ALEX IN WONDERLAND: Battling That Creeping Feeling | 11/12/2008 | See Source »

...making a Harvard education accessible, the second was meant to make it affordable. Together these two measures began attracting a new kind of student: one who has worked his way through high school, one who babysat for her neighbors, and one whose parents can’t afford to cover their undergraduate educations...

Author: By Mark J. Chiusano, CONTRIBUTING WRITER | Title: Spare Change | 11/12/2008 | See Source »

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