Word: creditably
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Stanford Law School officials announced Thursday that the faculty will reform its grading system in order to adopt an honors, pass, restricted credit, no credit grading system. Since Yale Law School has had a similar system for decades, the move means that Harvard is the only one of the top three law schools that has not moved to such a grading system, which has proved to be more popular law among students and has been praised for deemphasizing competition. With talks beginning as early as last year, Stanford Law School Dean Larry D. Kramer said in a telephone interview Friday...
...Land Rovers and private jets seem to outnumber the nation's 308,000 people - was growing too quickly, and that excessive consumption would cause the economy to overheat. Yet the nation's three largest commercial banks - Kaupthing, Landsbanki and Glitnir - continued to exploit their then strong currency and cheap credit to buy banks in Denmark, Norway and the U.K., as well as British retailers like House of Fraser and Moss Bros. They amassed foreign assets equivalent to 800% of the nation's GDP, the highest ratio of any country in the world. Meanwhile, their dependence on global capital markets...
...started to warm: the three largest banks all reported strong core earnings, with Landsbanki's rising by 27% compared to the same period last year. On May 16, in a show of support, the central banks of Denmark, Norway and Sweden offered to loan Iceland $2.4 billion in emergency credit, doubling the nation's reserves; the krona immediately gained 5% against the euro. Iceland's central bank asked parliament on May 28 to let it borrow up to $6.9 billion so it can better protect the country's currency and banking system...
...standstill. He now predicts year-on-year revenues will end 30% lower. But Steindórsson doesn't blame the government or Iceland's banks. "The crisis didn't start in Iceland - it started in the U.S.," he says. As he sees it, the international dimension of the credit crunch means that Iceland's hands are essentially tied. "We can't move the prices on Wall Street, and we can't buy all the empty houses in the States," Steindórsson says. "Those are problems that someone else has to solve, and we just have to wait." On this...
Your article on Obama's debt to the Clintons discredits Obama [May 26]. Whether you like him or not, he deserves the credit for his success, not the Clintons. Let's stop praising the Clintons at any cost and move on. The Clinton era is over. Stephen Nettles, ACWORTH...