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Those proposed rules didn't make the final December cut, but certain SEC commissioners want to revisit the issue. In a February speech, commissioner Kathleen Casey said it was imperative to address "the oligopoly in the rating industry" and overreliance on ratings in the SEC's rules. "These requirements - which accord privileged status only to ratings from certain firms - have served to elevate ... ratings to a status that does not reflect the actual purpose, much less the limitations, of credit ratings," she said...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

...layoffs, but it’s increasingly likely as we work to reshape the environment, that we will not have a need for as many faculty or staff as we do today,” Smith said. “We’re going to have to address this new reality...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Faced With Deficit, FAS To Restructure | 4/15/2009 | See Source »

...administrators were right, at least initially. Membership fell once the fraternities were no longer listed in CU directories and the school stopped handing over free address lists of incoming freshmen. At the Sigma Alpha Epsilon house, membership dropped to 24 members in 2005. "No one saw the half-page ad the fraternities placed in the college newspaper," says Stine. "That's where Facebook, MySpace and e-mail entered the picture...

Author: /time Magazine | Title: Fraternities and Facebook: A New Recruiting Tool | 4/15/2009 | See Source »

...Fraternities still rely on low-tech means to raise awareness of Greek life. One weekend in February, 100 fraternity members used chalk to blanket campus sidewalks with the interfraternity council's web address. But Pete Smithhisler, who is president and CEO of North-American Interfraternity Conference, says nearly every Greek organization in the nation now has an online presence. And these groups are using as many technological outlets as possible to improve the bonds of brother- and sisterhood. "You remember how, when we were in college, going to the dining hall, you had to search, there was always that moment...

Author: /time Magazine | Title: Fraternities and Facebook: A New Recruiting Tool | 4/15/2009 | See Source »

...government-is-the-problem response to President Obama's first joint address to Congress by one of the party's rising stars, Louisiana Governor Bobby Jindal, was a "disaster for the Republican Party," as conservative New York Times columnist David Brooks put it. The installation of a new party chairman, Michael Steele, could have gone a lot smoother - say, minus the cat fight with Rush Limbaugh or Steele's insulting both the party's moderate wing (he threatened to back primary opponents for supporters of Obama's stimulus) and its social conservatives (he told GQ magazine that abortion...

Author: /time Magazine | Title: The Floundering GOP Looks for a Turnaround | 4/14/2009 | See Source »

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