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...ultimately volatility might simply be part of working through the effects of the credit crunch. The world is undergoing a great deleveraging and all that unwinding has ramifications. At the same time, the onslaught of market moving news - economic data, corporate earnings, governmental action - keeps coming. There is a massive uncertainty in the air, and in a market it is perfectly logical - perhaps even necessary - for uncertainty to be reflected in asset prices. Uncertainty, as reflected in volatility, is legitimate information, too. In a panel discussion about volatility's implications, Morgan Stanley executive director Robert Shapiro took a step back...

Author: /time Magazine | Title: Keeping Up (Barely) with the Market's Wild Volatility | 10/24/2008 | See Source »

Friday's stock-market action was a microcosm: in Tokyo the Nikkei was down 9.6%; in Frankfurt the DAX - after dropping as much as 10% during the session - was down 5%; in São Paolo the Bovespa was down 6.35%. It was a global panic! Until things got to New York. The Dow and S&P both ended the day down about 3.5%. Big deal...

Author: /time Magazine | Title: The Bright Side of Friday's Dow Drop | 10/24/2008 | See Source »

Karin A. McKinnon ’10, co-chair of the Environmental Action Committee, said she felt that the initiative needs to maintain an active dialogue with the student body in order to have lasting effects...

Author: By Cora K. Currier and Natasha S. Whitney, CRIMSON STAFF WRITERSS | Title: Students Flock to Theatre as Harvard Unveils New Sustainability Office | 10/23/2008 | See Source »

...technical criteria, he had woefully inadequate forethought. A president can always hire brilliant advisers to set policy, but when it comes to leadership the buck stops here. George Hayward ’11, a Crimson editorial writer, is a government concentrator in Currier House. He is Political Action Chair of the Black Students Association and was a Harvard Institute of Politics Director’s Intern at Barack Obama’s Senate Office this summer...

Author: By George Hayward | Title: Presidentiality | 10/23/2008 | See Source »

...Cuba really does have 20 billion bbl. to drill, however, it could more easily find other interested refinery investors, like Brazil. The question is whether the U.S. will want to step off the sidelines and get a piece of the action too. Kirby Jones, head of the U.S.-Cuba Trade Association and an embargo opponent, says Tenreyro's staff has been credible in the past, and he believes the new estimate is probably accurate. "So for the U.S., this becomes an 800-lb. guerrilla knocking on everybody's door," says Jones. "With that much oil, there would be the feeling...

Author: /time Magazine | Title: How Cuba's Oil Find Could Change the US Embargo | 10/23/2008 | See Source »

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