Word: commonization
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When I told a friend, a former section leader in a large Harvard College course, that I had been offered a chance to do an op-ed for The Harvard Crimson on Gaza, she identified two fairly common, understandable undergraduate attitudes: “The situation is too complicated and I can’t make up my mind about it;” and “This is controversial and there are differences of opinion. No side is ‘right...
...Common spaces all over campus were made available to students, including freshman common rooms, House dining halls, Harvard Hillel, and the Student Organization Center at Hilles theater...
...Indians as savages that has continued during five centuries since the Spanish conquest, says Ximena Avellaneda of the Rosario Castellanos Women House. "Why do Americans attack an arranged marriage between Triquis and say nothing about million-dollar marriage contracts between Hollywood stars?" she says. "Relationships between teenagers are also common in many communities, not just among indigenous people...
...bank has $5 in capital and $100 in loans. Now the government gives the bank an additional $100 in preferred shares and says, "Go make more loans." Well, the bank might then have $200 in loans, but it still has only $5 in common shareholders' equity. The result: if just 2.5% of its loans go bad, the bank's shareholders are wiped out. Wisely, the largest banks in the nation lent less in the fourth quarter of 2008 than in the previous three months - a strategy that has drawn some complaints. But that hasn't removed the pressure on their...
...December. Now he's fighting to keep his job. And even if he succeeds, he's got a new partner. The government already has a large stake in his bank, with its $45 billion in preferred shares. The government's ownership could dramatically rise if the Fed starts buying common shares of BofA, which would mean that Washington would be calling more of the shots. Increasingly, the only shareholder that matters to Bank of America and other banks is Uncle Sam. Without the government, the math of the banking business these days just doesn...