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...People do feel very good about this placebecause the school has been supportive aboutfaculty growth and programs," says Oscar G. Chase,vice dean and professor...

Author: By Joshua L. Kwan, CRIMSON STAFF WRITERS | Title: Faculty Tempted by Perks at Other Schools | 6/4/1998 | See Source »

...Morgan, America's fifth largest bank, got bad news this year when several South Korean firms suddenly repudiated their derivative contracts, leaving Morgan out some $500 million. America's biggest lender, Chase Manhattan, saw its "nonperforming" assets in Asia triple in the first three months of 1998, to $243 million, due in part to derivatives. At the end of last year, its total risk from Asian derivatives--should others default--was more than $3 billion. Bankers Trust's derivatives' delinquencies have leaped from zero to $330 million in a year, and the compass points to Indonesian and Thai clients...

Author: /time Magazine | Title: The Banks' Nuclear Secrets | 5/25/1998 | See Source »

...institution holding the biggest bag of derivatives is Chase, with $7.6 trillion. Interestingly, Chase raised the red flag in its 1997 annual report, noting, "Management expects there will be an increase in nonperforming assets in 1998 primarily as a result of the deterioration of credit conditions in a number of Asian countries." Unlike other banks, Chase refused to talk publicly about its derivatives exposure with clients that are below investment grade, but it already has more than $1 billion in total nonperforming assets. A report issued by the OCC examiners puts its total credit risks from derivatives at $81.9 billion...

Author: /time Magazine | Title: The Banks' Nuclear Secrets | 5/25/1998 | See Source »

...think I could learn all this?' He said, 'Mother, you could do it.' And I said, 'O.K., go buy me a set.'" Four weeks and $2,500 later, she had her "set": an olive-green Acer computer that sits right next to her bed in her Chevy Chase, Md., home. At first it scared her. "I used to think the computer would break if I did something wrong. The first time I used it, I was a nervous wreck, and my son Paul said, 'Don't worry, Mom--it won't break.'" He made her a screen saver that says...

Author: /time Magazine | Title: Generation Link | 5/18/1998 | See Source »

Similar or not, no one, except perhaps a few animal-rights activists, is about to chase mice out of the lab. Mice save lives. Because their tumors develop almost overnight, says Merck's Oliff, "we can do tests 10 or 100 times more quickly than in humans." Their usefulness varies with diseases, though. He notes that rodents are better predictors of human reaction to cardiovascular or anti-inflammatory agents than to cancer or diseases of the central nervous system. But that's a trade-off researchers are more than willing to accept in their search for a cancer cure...

Author: /time Magazine | Title: Of Mice And Men: Don't Blame The Rodents | 5/18/1998 | See Source »

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