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...likely must defeat all its remaining opponents, including challenging match-ups against the Bears and Bulldogs next weekend, to take the title.HARVARD 4, PENN 3The Crimson defeated the Quakers for the first time since 2006, when Harvard was ranked No. 15 and Penn was No. 41. This time, although both teams were unranked, there were still critical Ancient Eight records at stake, as the Crimson kept its hopes alive for an Ivy crown with a victory.A day after Princeton snapped Harvard’s four-match win streak, its longest since winning eight straight in April 2006, the Crimson extended...
...Iowa. Although many of the stereotypes about the Midwest are true, they rarely do justice to our progressivism—an aspect of Midwestern culture as significant as publishing newspapers with no news or responding to “thank you” with “you bet.” Every election cycle, the national media lumps Iowa together with every other so-called flyover state into a place named “the heartland” and emphasizes how strongly we believe in “family values,” which means they can count...
...Although CDSs work like insurance for investments, buying and selling them is similar to trading stocks. This generates a hazardous web of firms that hedged bets by both buying and selling CDSs. If one firm defaults, it cannot pay out the next firm’s insurance that can cause another firm to default, and so on. To further complicate matters, since CDSs are unregulated, there is no authority to which these transactions are reported. Thus, no single firm knows how many CDS deals have been made, and firms do not know to whom most CDSs have been sold. Additionally...
...These are only a few of the issues to be fixed with credit default swaps. Although they are not innately bad instruments and can provide much-needed liquidity, when left unregulated they can be used in ways that cause tremendous detriment to our financial system. It is not surprising that investor Warren Buffet refers to credit derivatives as “financial weapons of mass destruction...
Saddam Hussein's regime - no friend of the ayatollahs of Iran - welcomed the MEK in the mid-'80s, inviting them to set up a military camp and supplying them with hundreds of armored vehicles and other forms of support. Although in recent months Camp Ashraf's residents have swapped their once-mandatory olive green military fatigues for civilian garb, both Iraq and the U.S State Department consider the MEK a terrorist group. In 2003, the U.S military disarmed Ashraf. (After a legal battle, the European Union removed the organization from its terrorist list in January; the United Kingdom...