May 12, 2009

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Page one

State gets subprime
loan cuts for 700

In the first settlement of its kind in the country, Massachusetts Attorney General Martha Coakley has reached a $60 million agreement with a Wall Street investment bank that helped facilitate the frenzy of subprime lending that saddled so many homeowners with mortgages they could not afford to pay. (By Jenifer B. McKim, Globe Staff)

Going without to keep firms going

Businesses and government agencies nationwide are increasingly using unpaid leaves to cut costs and ride out the recession. However, employers who resort to furloughs must balance the need to save money with the importance of maintaining employee morale and loyalty. (By Erin Ailworth, Globe Staff)

Top general in Afghan conflict forced out

Defense Secretary Robert Gates announced yesterday that he had fired the top American general in Afghanistan, General David McKiernan, making a rare decision to remove a wartime commander at a time when the Obama administration has voiced increasing alarm about the country's downward spiral. (By Ann Scott Tyson, Washington Post)

Patrick's calendar
shows many empty days

The empty pages of Governor Deval Patrick's calendar reflect the equivalent of almost six weeks of vacation or other days containing no official activities per year, according to a Globe review of his schedule. (By Brian C. Mooney, Globe Staff)
Related Coverage

The Harvard disadvantage

As it increases its outreach to students of moderate means, Harvard is doing more to help them adjust to campus life. Socially, though, less-fortunate students must gingerly navigate a minefield of class chasms on a campus still brimming with legacies and wealth. (By Tracy Jan, Globe Staff)

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