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...told Citi and eight other large banks that it would be buying billions of dollars worth of stock in their institutions, the opening move in a mass recapitalization plan for the banking sector. Citi got $25 billion in exchange for preferred shares on which it is to pay 5% interest for five years and then...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

...Holocaust. The U.S. government wasted no time in lambasting Ahmadinejad; in 2007 Congress passed a resolution signaling their disapproval in no uncertain terms and condemning the practice of Holocaust denial in general. Of course, there remains no political risk in scolding Iran—America has had little strategic interest or diplomatic ambition in the Islamic Republic since both countries parted ways after the 1979 revolution...

Author: By Matthew H. Ghazarian | Title: A Willful Ignorance | 11/25/2008 | See Source »

This moral inconsistency on genocide is nothing new. In 1994, having recently suffered losses in Somalia, the American political establishment had no interest in starting other human rights expeditions in Africa—so it dithered while the Rwandan genocide was being perpetrated. At State Department press briefings, officials refused to acknowledge that genocide was occurring, despite internal documents clearly stating that it was. This spineless denial delayed the placement of U.N. troops that could have averted the bloody 100 days during which Hutu militias slaughtered at least 800,000 Tutsi citizens. Intervention was simply politically inconvenient...

Author: By Matthew H. Ghazarian | Title: A Willful Ignorance | 11/25/2008 | See Source »

...achievement, integrity of character, a spirit of unselfishness, respect for others potential for leadership, and physical vigor,” according to the scholarship’s Web site. Snider, a resident of Friendswood, Texas and a senior in Mather House, is studying biological anthropology. She said her particular interests lie in the interactions between cultural beliefs and scientific and medical practice. According to Snider, how “social cultural beliefs and institutions interact with biology to shape human perception of illness, medical treatments, and medical practices that occur within a particular society” interest her the most...

Author: By Michael A. Sun, CONTRIBUTING WRITER | Title: Seniors Named Rhodes Scholars | 11/24/2008 | See Source »

...risky and unguarded by the left, and too extreme by the right. Although it’s difficult to realize a world with stateless globetrotters and no borders—such a romantic place will probably never exist—it is in both the moral and economic interest of individuals in developed and developing countries to push for much higher rates of immigration between states. The movement for human mobility has received ardent support from Harvard Kennedy School professor Lant Pritchett, who co-taught Economics 1400, “The Contents of Globalization,” with University professor...

Author: By Raúl A. Carrillo | Title: Untied Hands | 11/24/2008 | See Source »

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