Word: crediteers
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...Canadian manufacturers - including northern transplants of the Detroit Three and their suppliers - are suffering under the double burden of super-tight credit and unpaid receivables that is forcing them to burn through cash and capital in a manner not seen in generations. Detroit North is asking for C$6.8 billion in government assistance, including C$800 million that GM Canada needs immediately to keep its lights on over the holiday season...
...Meanwhile Canada's major banks, which reported results for fiscal 2008 this month, continue to struggle with write-downs as a result of exposure to U.S. credit and equity markets. CIBC reported a loss of C$2.1 billion on the year, against net income of C$3.3 billion in 2007. The country's fifth-biggest bank blamed write downs to its U.S. subprime portfolio for the huge loss...
...million that has been earmarked for other study abroad programs and arts education. Since the 2002-2003 academic year, study abroad has increased nearly three fold, bringing the number of students who studied outside the country at some point last year to 640, as students are finding that academic credits can be fulfilled and a thesis enhanced from experiences abroad, according to Office of International Programs officials. But for a certain subset of these students, mere months are not enough time away from Cambridge. Last year, nine students went their entire academic year without ever setting foot in a Harvard...
...result of increased demand, only departmental classes counting for Gen Ed credit will be allowed to cap the number of students taking the course at a certain number. Gen Ed-only classes, however, will not be able to cap their enrollment...
...General Education committee approved 10 classes last Thursday, bringing the total number of courses counting for credit in the new program up to 66. But one of those classes might not be listed as a Gen Ed class if the professor cannot find enough teaching fellows to accommodate a large class size—an issue that has become a defining feature of Gen Ed courses thus...