Word: closers
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...stress tests, the government said it decided to emphasize common capital because that was the measure that ultimately leads to "lowering the risk of insolvency." Citi's common capital ratio, at just 2.3%, was closer to zero than any other of the banks the government looked at. State Street's ratio at 15.5%, which was the highest of the banks, was nearly seven times greater than Citi's. Fourteen of the banks the government examined had a common capital ratio above 5%. The next lowest ratio to Citi was Wells Fargo, which had a common capital ratio...
Good news is relative. A Dow of 10,000 looks awfully sweet right now, for example, but it would've seemed like a disaster back when daily closes were closer...
...China's cuddly rhetoric has seduced few. In 2008, Beijing's annual military budget increased by almost 20% to $60 billion, according to official figures, though the Pentagon estimates that number could actually be closer to $150 billion. Its most recent report on the PLA warned grimly of China's ability to "develop and field disruptive military technologies" - tactics which the Pentagon thinks will change "regional military balances and... have implications beyond the Asia-Pacific." China's strategic interests now rim most of the world's continents and it remains embroiled in lingering territorial disputes with its neighbors. Though publicly...
...party talks have thrown a monkey wrench into prospects for a negotiated resolution of Pyongyang's nuclear-weapon and missile programs. On the surface it appears that North Korea is again embarked on a threatening course; it has vowed to continue work on its contested weapons programs. But on closer examination, the North's weapons tests always occur at times of insecurity. Its tough posturing belies the tenuous internal and external circumstances in which it operates...
...outreach activities from travel-based interactions to ones relying on better and more frequent use of modern communications technologies. This shift will not change the geographic coverage of admissions outreach. However, some of the local outreach around the country and world will be achieved through an even closer collaboration between the Cambridge-based College admissions team and the Harvard Clubs and alumni already distributed around the world...