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Then again, decisions made by Congress, the Bush and Clinton administrations and federal regulators in the years before the crisis also played a key role in allowing things to get so bad. From ill-considered deregulation of banking and derivatives to over-the-top encouragement of home ownership, Washington's fingerprints were all over the crisis. Almost nothing has been done so far to right these wrongs, or otherwise rein in the excesses of the financial system. Which brings us to lesson No. 3: It's really hard for a democracy to make big changes in the absence of crisis...
...from Iraq and Sudan, wrote two more novels, and found time to visit the Harvard Bookstore last week to read excerpts from his recently published third novel, “An Expensive Education.” FM separates fiction from fact and finds out if the author is as bad-ass as his spy characters...
That said, it would be naive to move into an overly conservative strategy in the wake of the losses of the past year. HMC managers were extraordinarily successful before 2008, and one bad year should not collapse our faith in their investment acumen. In the 10-year period ending in fiscal year 2008, the Harvard endowment outperformed the median institutional fund by 7.7 percent per year. Had it earned the median institutional fund rate, endowment assets would have been $23.5 billion less. Moreover, Harvard’s money czars are far from alone in their shortcomings this year. Yale?...
Does your Saturday night uniform consist of jeans and a t-shirt? Too bad. In a world of leather, fur, and jeggings, you really have no excuse. Let some of Harvard’s most fashionable students show you the way to all things chic. Meet the experts at our round table discussion. Lucy W. Baird ’10, a social anthropology concentrator in Pforzheimer, is director of public relations for the Vestis Council. Her designs have been featured in a number of student fashion shows (and in the pages of FM).When asked about his fashion credentials, Sokiente...
Sounds great, right?? Except, um, FlyBy has bad news for this year's senior class...