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Importantly, SWIFTs are not banks; they are more akin to private investment pools, like hedge funds or private equity firms. Moreover, they have universally opted to keep their assets below the $100 billion “Too Big to Fail” threshold that regulators use to classify any financial institution as systemically significant and hence subject to added supervision. Given these two facts, SWIFTs have not been subject to the strict capital and liquidity requirements imposed on banks in wake of the global financial crisis of 2007-2010. In the meantime, the major banks, unable to compete with...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...HUPD received word of shots fired in Kirkland House, according to prosecutors. Residents in J-entryway said they heard three sounds akin to gunshots...

Author: By Eric P. Newcomer and Naveen N. Srivatsa, CRIMSON STAFF WRITERS | Title: A Silent Aftermath | 5/27/2010 | See Source »

...until the 1970s, LGBT students “lived on a campus that probably had a climate more akin to that of 1920 than that of today,” Jennings wrote in an op-ed for The Crimson...

Author: By ZOE A. Y. WEINBERG, CRIMSON STAFF WRITER | Title: Kevin Jennings ’85: Leading the Way for Gay Rights | 5/27/2010 | See Source »

...investment—expensive, risky, but with the potential to pay unprecedented dividends. Such potential is attached to a small number of graduates and hinges on the expectation that each graduate will affect real change in her native country. On the other hand, the smaller, more localized school is akin to a safe stock: By partnering with local people and government, these schools guarantee that their graduates will be accepted into, and strengthen, the local economic community over their lifetimes. Although the individual-based “return” on this type of investment may be small...

Author: By Elizabeth C. Cowan | Title: The Importance of Educating Girls | 5/26/2010 | See Source »

...point; since one represents the standard suffix to a message, you now have to put two or three extra points to show actual excitement or pleasure. Indulging this cultural norm incites a positive feedback system, with more and more exclamation points needed to show the same level of emotion, akin to an addict needing more of a stimulant to get the same lift...

Author: By Marcel E. Moran | Title: Missing the Point | 5/10/2010 | See Source »

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