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...what does that actually mean, dumbed down? Whitney's question was specifically about Citi's $1.7 billion in investment-banking profits in Europe, and Kelly's eventual answer was basically just that business had been good. But bank financial statements are never that simple: Citi's overall investment-banking earnings were boosted by a $2.5 billion derivatives valuation adjustment "mainly due to the widening of Citi's CDS spreads." In somewhat dumbed-down but still utterly flummoxing language: credit-default swap (CDS) spreads represent the cost of insuring against Citi's default. That cost went up in the quarter...
...prepared to learn some. Along with its Hist & Lit, its cousin concentration, Lit has a foreign literature requirement and encourages concentrators to study abroad for a semester—so you’ll probably leave Harvard worldlier than you came. Lit concentrators work throughout their college careers to answer the question, “What is literature?” Lit’s flexibility allows concentrators to explore the fields of Linguistics, Philosophy, and Visual and Environmental Studies in pursuit of an answer. If you enjoy debating the merits of spoken versus written word, or if you?...
...conversation was great in that it was the first step in fostering student-faculty communication, and we really need students to work with faculty and administrators to establish a sustainable program in ethnic studies,” she said. As for how to win over critics, Lin said the answer is education. “I feel like this mostly stems from the fact that people don’t understand what ethnic studies is,” she said. “People who make those arguments haven’t delved into it in depth. It?...
...would take him 10 to 20 seconds to respond to a question. He wore dark sunglasses so you could just see your own reflection in them. And he had a hat pulled down over his face, so it was difficult to see who he was. When he did answer, it was in a whisper ... It did seem to both Cheryl Ruggiero and to me that he was depressed. But of course I'm not a psychiatrist...
...Frankfurt and has a Moroccan father and a Serbian-German mother. She made her name in 2000, when she and four other young women beat 4,500 other hopefuls in the German version of the reality TV show "Popstars." Recruited to join the band "No Angels" (think Germany's answer to the Spice Girls) they became overnight hits, selling more than five million records and notching up four chart toppers including one in Brazil. The band split in 2003, burnt-out after their rocket to fame. Four of the original five, including Benaissa, reformed in 2007 and went...