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What Americans are fast learning is what the market pros knew all along - the bailout bill may turn out to be a pill that dulls the pain, only to leave deeper global economic wounds festering. "We're in the midst of a panic," says James Angel, professor of finance at Georgetown's McDonough School of Business. Angel, who teaches a course on financial crisis, says that even the injection of federal dollars may not convince banks to shed their fears. "If banks go from being too reckless to being too conservative, there may be general starvation for the economy...
...accommodate a budget increase, which the Council set as five percent over the summer. Calling the results “phenomenal” in light of the “volatile times,” Councilor David P. Maher also noted that the city is in the midst of building a new library and refurbishing its war memorial. Tax rates in fact increased from the fiscal year 2008 rate from $7.36 to $7.56 per $1,000 of value. Because property values fell slightly in Cambridge over the past year, the actual amount of taxes charged remained constant or decreased, Maher...
...Investors have always loved to use sports metaphors, but now they can combine the two national past times even further. In the midst of a historically awful week in the stock market, OneSeason.com, a new website that allows users to trade virtual shares of sports stars, made its debut. Sites like the Hollywood Stock Exchange have offered a similar market for actors and movies, and now the concept is trying to take root in the sports world. And while your cash isn't actually funding King James - don't expect a dividend check from his highness - the profits or losses...
Harvard Yard is in the midst of a massive makeover—but most of the effects will be invisible. The Yard is undergoing a comprehensive soil restoration project that will revitalize its heavily-trodden grass and, within the next year, eliminate the use of herbicides, pesticides, and synthetic fertilizers. Three organic test plots were implemented in Harvard Yard in March 2008. The plots were fed compost in lieu of conventional chemicals, and have been monitored biweekly for soil health and texture for the past six months. The ongoing results of the plots “exceeded expectations?...
...midst of fiscal crisis, as Wall Street crumbles and our friends grasp frantically at disappearing internships, we can’t wipe the grin off our faces. Now those perky i-bankers with their interview jackets and heels will have to live like we always knew we would. We’ll ride the bus together to our low-paying jobs and swap budget-saving coupons. That will teach them to put money before passion...