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...also keep in mind that if Reserve Management were a big, multi-faceted money manager instead of a focused, privately held company, there's a good chance it would have averted having to mark down its fund. We can say that because that's what big, multi-faceted money managers have been doing. According to Crane Data, over the past 13 months, 21 money market funds have received capital infusions from their parent companies in order to avoid breaking the buck. Parent companies can go as far as actually handing the funds cash and take the troubled assets onto their...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

...Harvard students flock to campus in dewy-eyed obscurity, it’s safe to say that only one has already accomplished the rock star trifecta: multi-platinum album sales, critical acclaim, and—the holy grail—an appearance on MTV’s “Cribs”: Incubus guitarist Mike A. Einziger. FM’s paparazzi tracked down the rock star-cum-graduate student for fifteen questions...

Author: By Frances Jin, CRIMSON STAFF WRITER | Title: 15 Q’s with Mike Einziger | 9/17/2008 | See Source »

...line drew a lot of laughs, but in many ways it also highlighted how much this war-scarred country has changed over the 19 months that Petraeus has been at the helm of the Multi-National Forces in Iraq. These days, alarm over sectarian bloodletting spiraling out of control has given way to heated politicking, nascent reconstruction efforts and grumblings over the lack of basic services like clean water and reliable electricity. Still, the spike in violence over the past few days - some 70 people have been killed since Saturday - highlights why Petraeus has repeatedly said it's too early...

Author: /time Magazine | Title: General Petraeus' Farewell: What He Leaves Behind in Iraq | 9/16/2008 | See Source »

...first major acquisition, FleetBoston Financial Corp., which gave North Carolina-based Bank of America a foothold in the northeast market. A series of other purchases - Chicago's LaSalle Bank, Charles Schwab's private banking program - earned him a reputation as a man with a penchant for savvy multi-billion dollar deals. This January, he bought Countrywide Financial Corp. for $4 billion in stock, adding "largest mortgage provider" to Bank of America's list of bragging rights and saving Countrywide from possible bankruptcy. With that purchase, Lewis became a kind of quasi-savior on Wall Street - the man who helped...

Author: /time Magazine | Title: Kenneth Lewis | 9/15/2008 | See Source »

Girl Talk performed at Brown’s Spring Weekend—the school’s multi-day equivalent of Yardfest—along with M.I.A., Lupe Fiasco, Vampire Weekend, and Umphrey’s McGee...

Author: By Aditi Balakrishna, CRIMSON STAFF WRITER | Title: D.J. Girl Talk May Perform at Annual Harvard-Yale Pep Rally | 9/14/2008 | See Source »

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