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...energy around cyber security questions—that are cutting edge for US national security,” wrote Former University President Lawrence H. Summers, who is currently the director of the National Economic Council, in an e-mailed statement. “This will make her a real asset to the Belfer center...

Author: By James K. Mcauley, CRIMSON STAFF WRITER | Title: Obama Aide Joins HKS Belfer Center | 10/16/2009 | See Source »

Bruce J. Wasserstein—a graduate of the Harvard Business and Law Schools who led financial advisory and asset management firm Lazard and gained fame as a pioneer of hostile takeovers in business—died Wednesday in New York City...

Author: By James K. Mcauley, CRIMSON STAFF WRITER | Title: Corporate Raider, Donor Passes Away | 10/16/2009 | See Source »

...hours earlier, in that very same room, the seats were similarly full, as students listened to a lecture on the intricacies of market demand. This night, though, Alexandra Wilkis Wilson ’99 and Alexis M. Maybank ’97 discussed a different sort of financial asset...

Author: By Kylie S. Gleason, CONTRIBUTING WRITER | Title: Guilt-Free Shopping | 10/15/2009 | See Source »

...time, Citi said it would like to hold on to much of its retail and corporate bank. A Citi spokesperson says that continues to be the bank's plan. In July, CEO Vikram Pandit told financial-news outlet Bloomberg that the bank is "moving extremely fast" on asset sales. He said the bank had already shrunk its assets...

Author: /time Magazine | Title: The Citi Sale That Never Ends | 10/12/2009 | See Source »

...external demand. A closed capital account and an undervalued renminbi (RMB) were icing on the cake for China's powerful strain of export-led growth. Moreover, to the extent that its currency-management objectives required ongoing recycling of a massive reservoir of foreign-exchange reserves into U.S. dollar - based assets, such capital inflows helped keep longer-term U.S. interest rates at exceptionally low levels. In effect, China's implicit interest-rate subsidy ended up becoming an important prop to bubble-prone U.S. asset markets and, ultimately, for the asset-dependent American consumer...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

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