Word: april
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...pays for ratings, though, isn't the entire issue. In a speech in early April, Goldman Sachs CEO Lloyd Blankfein put his finger on another deeply flawed part of the system: "Too many financial institutions and investors simply outsourced their risk management," he said. "Rather than undertake their own analysis, they relied on the rating agencies." In other words, the problem is not just the ratings agencies, but the way investors - from Wall Street firms to university endowments - have become mindlessly dependent on them. That is harder...
...study published in the April 16 issue of Nature argues that our ice sheets may be far more vulnerable than we believe, and that it may be a matter of decades before cities like New York are turned into swampland. Scientists led by Paul Blanchon of the National Autonomous University of Mexico examined sea-level fluctuations during the planet's last inter-ice age warm period, about 121,000 years ago, and found that the water rose as much as 10 ft. (3 m) in a matter of decades thanks to melting ice sheets. That conclusion indicates that...
...employees, but University officials have conceded that layoffs still remain a possibility pending a review of responses to the early retirement packages offered to staff members this spring. The 45-day period given to staff members at the Faculty of Arts and Science to accept the package ended on April 6. Aguilera said she hoped their efforts would raise awareness of labor issues within the Harvard community. “It’s not like the only thing we’ve done is bother Drew Faust in Eliot dining hall,” Aguilera said...
Heading en masse to new positions in Japan's major corporations, fresh university graduates in black suits have become as common a sight in Tokyo as April's cherry blossoms. But this year, things are different. According to a closely watched annual survey, the companies that were once synonymous with Japan Inc. - Toyota, Sony, Sharp and Canon - have lost their luster as potential employers. For those seeking secure jobs-for-life, students are instead looking to relatively low-risk industries such as railroads and public utilities...
...That may be changing. On April 9, John Hunt, a 56-year-old nurse in Croydon, south London, managed to have his official baptism record amended. Religious leaders from the Southwark Diocese had previously refused to delete Hunt's record of baptism, claiming it was an important historical detail. But after Hunt published a renouncement of his Christianity in the London Gazette, a journal of record dating back to the 17th century, those same religious leaders agreed to include it alongside his official baptism entry. "It's about time some of us stood up to be counted," Hunt said after...