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...liquidity available to the average American homebuyer.” Retsinas said that structural changes in the mortgage market during the 1990’s, along with low interest rates and a rise in immigration to the United States, led to overheating in the U.S. housing market, which ultimately resulted in the current financial crisis. The panelists addressed questions from the audience about how this credit crunch would affect the global financial system. “We will certainly see a fundamental shift,” said David A. Moss, a professor of business administration at the Business School...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Professors Address Finance Fears | 9/24/2008 | See Source »

...Another situation to avoid entirely is hooking up with the roommates of past flings. Although Harvard hotties tend to travel, and thus live, in packs, it is best to choose one and stick with him or her. A drunken trip to the bathroom might result in the return to a familiar, but wrong, bed. And of course, don’t hook up with your own roommate either—that should be self-explanatory...

Author: By Julia M. Spiro, CRIMSON STAFF WRITER | Title: How to Keep Cool as Things Get Hot | 9/24/2008 | See Source »

...their statements and advertisements are considered "political speech," which falls under the protection of the First Amendment. The noble idea undergirding what otherwise seems like a political loophole is the belief that voters have a right to uncensored information on which to base their decisions. Too often, however, the result is a system in which the most distorted information comes from the campaigns themselves. And as this year's presidential race is showing, that presents an opportunity for a candidate willing to go beyond simple distortions and exaggerations by making repeated and unapologetic use of objectively false statements...

Author: /time Magazine | Title: Truth in Advertising? Not for Political Ads | 9/23/2008 | See Source »

...standards for truth in political advertising, but with little success. Washington State passed a law in 1984 that made it illegal to sponsor campaign commercials that knowingly "make a false statement of material fact." Violations could incur fines of up to $10,000 for each instance, and could also result in election outcomes being voided. After 14 years, the Washington State Supreme Court ruled the law unconstitutional, prompting one of the dissenting justices to complain that it was "the first court in the history of the Republic to declare First Amendment protection for calculated lies...

Author: /time Magazine | Title: Truth in Advertising? Not for Political Ads | 9/23/2008 | See Source »

...long-term consequence of the economy-oriented ideology," Hu Xingdou, a professor at Beijing Institute of Technology, wrote in an online essay about the tainted-milk-powder issue. "There hasn't been an effort to establish a moral foundation to the market economy, and this incident is the inevitable result...

Author: /time Magazine | Title: China's Poisoned-Milk Scandal: Is Sorry Enough? | 9/23/2008 | See Source »

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