Word: crediteers
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...ways to see the "credit crunch" that helped kick off our broader economic trouble is by looking at how much companies have to pay to borrow money. For the better part of a year, the premium that firms have had to shell out above what investors could alternatively earn on government bonds has been fantastically high...
CORRECTION: The April 23 article originally entitled "Students Push for ROTC Credit" incorrectly stated in the headline, sub-headline, and twice in the article text that the Harvard Republican Club was protesting for Harvard ROTC participants to receive course credit for their ROTC classroom work at MIT. In fact, the Republican Club was pushing for "official recognition" of ROTC, which would entail that Harvard use language more accepting of the program in its annually-published student handbook and that the University subsidize cross-registration fees for Harvard students doing their ROTC work at MIT, but not that academic credit...
Brian Bolduc’s opinion essay, “The Boredomization of Politics,” paints an all-too-simple picture of an academic discipline that is much more complicated. On the credit side of the ledger, Bolduc is right that some of the more technical developments in political science have come at the expense of accessibility and even insight. What is not true is that we have to choose between quantitative and non-quantitative approaches to politics. Bolduc’s essay establishes a false binary—“These professors ditched The Federalist Papers...
...future that was nothing less than an overhaul of the nature of American capitalism. "It is simply not sustainable," he said, "to have an economy where, in one year, 40% of our corporate profits came from a financial sector that was based on inflated home prices, maxed-out credit cards, overleveraged banks and overvalued assets...
...been stupendous - the $789 billion stimulus bill, the budget plan that is still being hammered out (and may, ultimately, include the next landmark safety-net program, universal health insurance). There has also been a cascade of new policies to address the financial crisis - massive interventions in the housing and credit markets, a market-based plan to buy the toxic assets that many banks have on their books, a plan to bail out the auto industry and a strict new regulatory regime proposed for Wall Street. Obama has also completely overhauled foreign policy, from Cuba to Afghanistan. "In a way, Obama...