Word: crisises
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2. Appraising Sully's performance: "Chesley Sullenberger's qualities emerged in full force during the first few seconds of his emergency over the Bronx. In retrospect, what mattered most to his ultimate success was not what he did, but what he chose not to do, his shedding of distractions, the...
Last Thursday, I attended former New York Governor Eliot Spitzer’s timely and stimulating lecture on banking reform. Spitzer exhibited a thorough understanding of the causes of the recent financial crisis and laid out a convincing case for robust regulation of America’s troubled banking system...
Conglomerate banks that are too big to fail are often too big for executives to manage effectively. As Spitzer pointed out last week, most bank CEOs probably did not want to take on ruinous amounts of risk, but the scale of their operations hindered their oversight. Unsurprisingly, these financial behemoths...
In the midst of Harvard’s budget crisis, it seems almost humorous that hot breakfast has gained such prominence on campus. We are in the middle of a national recession, and yet the majority of complaints given to the UC in the past six months have been about...
In reality, though, Mr. Go was not the primary cause of the disaster, and this could yet get the Corps off the hook. Engineers have calculated that it raised the height of the surge by about two feet, still not enough to overtop the most important levees. The canal has...