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...clearinghouse industry has been another victim of the crisis. Clearinghouses grew rapidly in the wake of 2010 reforms that targeted the over-the-counter derivatives market. Clearinghouses were meant to bring a greater level of stability and transparency to derivatives trading. But this industry has become more fragmented than originally envisioned, and some argue that competition among clearinghouses has led to a “race to the bottom” whereby the clearinghouses require insufficient collateral from the SWIFTs they deal with. The Houston Power House is said to have large, uncollateralized exposures with Magna-SWIFT, and observers estimate...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...meeting approached, though, I couldn’t bring myself to believe I was going to get Ad Boarded for a greeting card—I was sure it was some other issue of which I was unaware...

Author: By Maxwell L. Child | Title: Greetings from the Ad Board | 5/27/2010 | See Source »

...that you take care of crisis in the Mideast and that you cure tuberculosis,” Ziolkowski says. “You still have to make life worth living and enjoying for people. And that’s where the humanities come in...things that will bring us solace, bring us self-knowledge, increase our understanding of others as well...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Casting Numbers Aside | 5/27/2010 | See Source »

Given current financial constraints—FAS has yet to close at least a $35 million budget deficit—Witzel said that the department would likely wait to bring new hires from outside Harvard...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: Sanskrit Dept. To Change Name, in Pursuit of Interdisciplinary Work | 5/27/2010 | See Source »

...Certainly it will bring in fewer young people,” she says. “But the hope is that all changes, right...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: Faculty 2.0: Revitalizing the Face of the Faculty | 5/27/2010 | See Source »

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