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...major initiatives unveiled by Paulson, Bernanke and New York Fed chairman Tim Geithner over the past months have all been efforts to do for the shadow banking system what was done for the regular banking system in the 1930s. To stop the institutional run on money markets, Paulson announced on Sept. 19 an insurance fund for them that would be backed up by funds usually reserved for currency stabilization. The AIG and Merrill Lynch interventions were attempts to dissolve failing companies in an orderly fashion without panic, as was the Wachovia bailout. The opening of the discount window to investment...
...whatever reason, our division doesn’t count towards a bowl,” Harvard coach Tim Murphy explains. “They’re less excited to play teams in our division, simply because you need six Division I, quote unquote, victories to make the minimum requirements for a bowl game, so it seems like there’s less opportunities for future scheduling...
...entire career, Alex Breaux will try to end his career at Harvard with a bang. “Breaux’s one of those guys who, you know what he can do. He’s extremely dependable, extremely bright, very instinctive,” said head coach Tim Murphy.Three years ago, the Crimson faced a similar situation in which its leaders in the receiving corps suffered from devastating injuries. Breaux, who filled in and played extremely well, will look to do the same this time around. With an always can-do attitude, he has gained the respect...
...After the sudden death of Meet the Press host Tim Russert, Brokaw filled his seat; he will stay on through the end of the presidential campaign...
Corsi was detained for about 4 1/2 hours before he was expelled. Immigration officials said the author did not have a proper permit to work in Kenya. But Corsi's publicist, Tim Bueler, told TIME that they were assured their visas and passports were in order. Corsi said he had been upfront about his intentions when he arrived. According to Corsi and Bueler, the author was told that the government had misplaced their immigration cards, which visitors fill out upon arrival at the Nairobi airport. "Dr. Corsi can return to Kenya anytime," said Bueler. "They said our passports were...