Word: capitale
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Financial firms are built on capital. They take in a dollar, borrow against it and then lend out $3, $4 or $9. Or $30. In the past few years, executives have been using thinner and thinner capital - acquisitions and questionable off-balance-sheet arrangements - to build their money pails. In...
One of the concerns that economists will have to have is whether some of the effects of consumer spending and corporate investments have slipped into the current quarter. If so, that will have to be added to GDP contraction which is already almost certainly much worse than in Q4. Based...
The latest chapter in the crisis began in October 2008 when Tutsi rebel leader Laurent Nkunda launched an offensive, taking advantage of the weak Congolese President, Joseph Kabila, and his collapsing army. Nkunda quickly doubled his territory in the province of North Kivu and threatened to march on the capital...
Harvard spent $1.6 billion of its endowment in 2008 to cover operating expenses and capital projects, an increase of nearly 25 percent over previous years and the University’s largest endowment payout ever.
Economics professor Jeremy C. Stein and Kennedy School professor Jeffrey B. Liebman will soon vacate their posts at Harvard to take positions with the administration of President Barack Obama, adding their names to a growing list of Harvard intellectuals headed for the nation’s capital.