Word: allowed
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Dates: during 2000-2009
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...height of the crisis over the winter, there were neither buyers nor sellers for the toxic assets. Saddled with the assets on their balance sheets, the banks sharply curtailed lending, threatening to throw the economy into a tailspin. The Bush and Obama Administrations poured money into the banks to allow them to restart some lending, but the toxic assets remained on the banks' books. (See five lessons from the AIG-bonus blowup...
Harvard has signed another custom loan agreement to increase borrowing options for graduate students, some of whom have had trouble securing funding in the wake of the credit crunch, University officials announced yesterday. The deal with the Harvard University Employees Credit Union will allow eligible Harvard graduate students to borrow a maximum of $250,000 for their education without a co-signer—a safety net required by many lenders. Discussions with HUECU have been ongoing for the past six weeks, and the recently completed contract will take effect on April 23 for the next three years. The arrangement?...
...aspiring journalists will set up camp in Williamsburg or at NYU housing, hoping to work up enough hipster cred to create a cleverly named tumblr that people might actually read. Finally, there is the PBHA wunderkind-turned-activist. These heroes of the summer score public-service fellowships that allow them to live in the city for three months and devote time and energy to the type of things that make the world a better place...
...other experts agree that the utility industry's vulnerability will grow as its command-and-control systems rely ever more on computer networks, those concerns are not new. Some security experts have cautioned against the growing use of "smart grid" technology - which relies even more on computer networks to allow both utilities and individual consumers to monitor and reduce power usage. There are already 2 million smart meters in use in the U.S., and the Obama Administration's 2010 budget includes $4.5 billion in spending on such technology. The fear is that these meters may allow hackers access...
...Mansoor of the Electric Power Research Institute, which is funded by the utility industry. Why is this a good thing? Because it means the grid deals with breakdowns all the time, and the industry knows how to fix them. The grid has built-in redundancies and manual overrides that allow for restoration of supply. Mansoor is careful to point out that these are "not defenses against cyberattacks, but for dealing with the consequence of such attacks...