Word: credite
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Thus far, consumers and non-energy-related businesses have not felt much of a credit pinch. Yet, analysts warn that, in spite of the strong position of the banks, a powerful credit crunch is inevitable. “This is going to be worse than 2008,” said Nouriel Roubini of NYU. “Sure, the banks look healthy now. They have been well-regulated and very prudent. But somebody is going to have to buy up trillions of dollars of these liquidated wind-farm assets. The huge discounts will make it impossible for the big banks...
This breakdown in global security has been accompanied by an even more dramatic reversal of global economic fortunes. In early 2000, the dot-com bubble burst. More significantly, the rise in asset values that supported much global prosperity turned out to be an illusion largely fueled by easy credit; when the bubble burst, highly leveraged speculative positions reversed gear, and the international financial system came uncomfortably close to crashing. Even more troubling, the ongoing Greek debt crisis has suggested that weaknesses in sovereign debt may trigger another, even more profound global financial meltdown...
...move—which will be in effect for the class of 2013—is coupled with a policy change that will limit concentrators to a maximum of one related-field petition to receive history concentration credit for other departmental courses...
Since the Faculty of Arts and Sciences extended the deadline for undergraduates to declare their concentrations to sophomore fall, the History Department has seen an increase in the number of related-field petitions as concentrators had to seek credit for related courses that they had already taken, History Lecturer Trygve Van Regenmorter Throntveit ’01 said...
...give a lot of credit to the seniors for not letting us hang our heads or get too down on ourselves,” freshman Brian Rogers said. “They’re going to be really sorely missed. They were all starters, all impact players...