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...plan to work, private investors and the government will have to agree what these loans are worth. "Many of the institutions that bought these deals didn't understand them fully," says Barry Silbert, chief executive of SecondMarket, which helps investors buy and sell hard to trade assets. "It is going to be very hard for the government to come in and try to pack up these opaque assets and ship them off to investors." (See the top 10 financial collapses...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

Destructive wildfires are already common in Australia, and it's not hard to see why climate change would increase their frequency. The driest inhabited continent on the planet, Australia has warmed 0.9°C since 1950, and climate models predict the country could warm further by 2070, up to 5°C over 1990 temperatures, if global greenhouse-gas emissions go unchecked. Beyond a simple rise in average temperatures, climate change will also lead to an increase in Australia's extreme heat waves and droughts. Southwestern Australia is already in the grip of a prolonged drought that has decimated agriculture...

Author: /time Magazine | Title: Why Global Warming May Be Fueling Australia's Fires | 2/9/2009 | See Source »

...power play wound down, senior Kati Vaughn sent the puck in from the blue line, causing chaos in front of the net. Harvard got a number of shots off on a disoriented Ladiges, with Sarah Vaillancourt finally taking a hard slapshot that ricocheted off of Ladiges’ pads...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Crimson Edges Out Bulldogs | 2/9/2009 | See Source »

...will be the first Crimson player to go undefeated in the regular season since Kyla Grigg ’07 in 2007.“I’ve been concentrating on squash the entire year,” O’Donnell said. “My hard work is paying off and it feels great.”Freshman No. 2 Nirasha Guruge fell to Princeton’s Neha Kumar in a tight five game match, 7-9, 9-6, 9-10, 9-3, 9-1. Guruge appeared to seize momentum after winning a lengthy third game...

Author: By Barrett P. Kenny, CRIMSON STAFF WRITER | Title: Crimson Topples Penn, Falls to Princeton | 2/9/2009 | See Source »

...Harvard women’s basketball team pulled out a hard fought 70-63 win at Yale (9-11, 2-4) on Friday, in a game marked by a tough Crimson comeback. Harvard (12-7, 4-1) trailed the Bulldogs in the first half, but mounted an aggressive second half attack to walk away with the win. Sophomore Jackie Alemany had a career game off the bench, spearheading the comeback. “It was a fight out there,” Harvard coach Kathy Delaney-Smith said. “Yale is really good at playing up the rivalry...

Author: By Evan Kendall, CRIMSON STAFF WRITER | Title: Harvard Sneaks Past Bulldogs | 2/9/2009 | See Source »

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