Word: beginnings
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Kotz said his reports will have comprehensive recommendations, but warned that doesn't mean the agency will implement them. And though some fixes, a proposed rule to separate custodian accounts for hedge fund assets, may make it harder for thieves, smart fraudsters "will just begin to work in pairs; one will run the scam and the other will run the custodian operation," says Goldman...
...questions involve what happens to everybody in between. The various federal banking agencies on Monday announced the procedures by which they will convert preferred shares to common stock at troubled banks, and later this week they will begin the promised "stress tests" of the assets of the country's 20 biggest banks. But nobody knows yet how tough those tests will be - and to be honest, nobody knows how tough they should...
...Queen Drew Faust must heed the call of our Commander-in-Chief and take arms against custodial layoffs, Allston resident oppression, the lack of fresh orchids in the Faculty Club bathrooms, the Harvard Men’s Basketball season, and other activities detrimental to Hope. 1. Harvard must begin with its most shovel-ready projects: holes. For example, with China’s increasing prominence in global commerce, Harvard could benefit from having the only hole that would pass through the center of the earth to China. This measure would greatly boost Harvard’s primary source of income...
...they have thought hard. Some responses come to mind: I want to feel like I fit in personally and have one or two really good friends; I want to make strong progress in identifying a concentration; I want to interview my grandmother, whose health is failing, in order to begin to write a memoir. These responses have given the students a personal compass and a chance to look back at the end of the year with—more often than not—a sense of accomplishment and self-worth. That awareness has mattered hugely...
...four planes in its fleet will be Web-enabled by early March. If you happen to get a seat on one of them, you'll see placards telling you how to hook up to the Internet for free. In other Southwest news, the airline has just announced it will begin service to Boston's Logan Airport (until now, it has been flying to nearby Manchester, N.H.) this fall...