Word: annualized
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When will the red ink at Freddie stop? It's hard to say. In its most recent annual report, the company said that if it had to mark all its assets to the price similar bonds are trading for in the market, the company's net worth would sink by an additional $65 billion. But Freddie's bottom-line woes may run even deeper. Freddie has $38 billion in losses it has yet to acknowledge in its investment portfolio. The firm also has $48 billion in nonperforming loans that it either holds or has guaranteed against. In a painful stroke...
...According to The Wall Street Journal, "Under the forthcoming rules, bonuses could come to no more than one-third of the total annual compensation paid to employees covered by the restrictions...
...ranking is part of the intercollegiate Green Power Challenge, an annual competition that tracks the amount of renewable energy purchased by 45 schools in 22 collegiate athletic conferences throughout the academic year...
This weekend, the Black Law Students Association held its annual spring conference, titled “The Fierce Urgency of Now: Effecting Change at Home and Across the Globe” with New Orleans Mayor C. Ray Nagin, Jr., as a keynote speaker. The conference, which ran from Friday through yesterday afternoon, was open to Harvard students and the general public. It was intended to inform attendees of issues affecting the Black community, according to the BLSA’s Web site. Brigid K. Ndege ’10, a Harvard Law School student and BLSA member, said she attended...
...what OCS does not anticipate doing, according to Mount, is laying off employees. Instead, she has spearheaded an effort to seek consensus among the OCS staff to determine how to best cope with expected budget cuts. Mount referenced the president of Wheaton College, who she said reduced his own annual salary by 7 percent, saying that she is open to the possibility of taking a direct hit from budget constraints herself. ”All leadership [at Harvard] is going to do it. It’s our way of responding together,” she said, noting that budgetary...