Word: bearings
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Dates: during 2000-2009
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...Lehman Brothers didn't just collapse and go away. Much of its U.S. operations were bought by British bank Barclays, which retained 80% of Lehman's U.S. investment bankers. Japanese bank Nomura has also been hiring here. Alan Schwartz, who was formerly the head of the failed investment bank Bear Stearns, recent landed a job at one of Wall Street's so-called boutiques, Guggenheim Partners. He's not alone. Recruiters say not only was the job downturn in the financial industry shallower than the rest of the economy but it appears to be turning earlier as well...
...Gist: Quick: What does global warming look like? A forlorn polar bear stuck on a splintering glacier makes for a gripping visual, but a new report says there are millions of climate-change victims we don't see - and many look just like us. The Global Humanitarian Forum paints a grim portrait of the human toll inflicted by Earth's gradual rise in temperature: 26 million people displaced, $125 billion in annual economic losses and more than 300,000 yearly deaths, as climate change speeds desertification and magnifies scourges from malnutrition to flooding. "We can no longer hold back from...
...woman whose shoulders bear the burden of steering higher education’s grandest endowment through the most debilitating financial crisis in a half-century, Jane L. Mendillo cuts a decidedly unassuming figure.She speaks with measured confidence but betrays no ostentation. Her office, situated on the 16th floor of the Boston Federal Reserve Building, is adorned with little more than a few family photographs, three flat-panel monitors sitting atop her desk, and a comfortable view of Boston Harbor.But beneath her unobtrusive exterior, Mendillo, CEO of Harvard Management Company, harbors a wealth of investment knowledge. She commands the respect...
...more student social space—perhaps the body’s most high-profile legislative effort of the semester.Now, with only a semester left in office and $143 million in school budget cuts left to be made, whether Flores will be able to bring her presidential power to bear remains to be seen.‘THEY’RE THE DECISION MAKERS’Even before a wave of budget cuts rocked the College last month, the UC’s influence on administrative decisions of critical import to student life was tested when the College announced that...
...their families, then the inevitable outcome will be greater and more extreme violence across all factions, both old and increasingly new. What looms is no less than the loss of entire generation of Palestinians. And if this happens—perhaps it already has—we shall all bear the cost...