Word: crunch
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...have our first big-game catch of the 2007 housing slump and credit crunch. On Oct. 30, Stan O'Neal resigned his post as CEO of Merrill Lynch after reporting that his firm would suffer a $7.9 billion hit to the value of its assets because of bad bets on mortgage-related securities. O'Neal personally took blame for Merrill's forceful push into complex instruments designed to distribute the risk of a surging subprime-mortgage market--the ones now imploding as home prices flatline and defaults spike...
...Although financial-market stability appears to have returned, for a few weeks this summer an LTCM-like collapse seemed like a possibility as the credit crunch intensified. That's one reason why there's growing urgency to understand how these huge pools of private capital can disrupt markets. In the U.S., California lawmakers and regulators are pushing a proposal that would require larger hedge funds that have fewer than 15 clients to register and to open their records to state oversight. In Europe, the German government is spearheading an inquiry into the subprime crisis by the G7 group of industrialized...
...given again, because we’re moving into a transition into another program,” Lewis said. Richard F. Thomas, professor of Greek and Latin, said the expansion is necessary because professors are less willing to produce new classes for the Core, creating a “crunch in terms of available courses” for students. He added that he has heard no objections from faculty to the charge set forth by the letter. “It seems to be voluntary, so I haven’t heard any reaction to this,” Thomas...
...like it’s 1995 and Radiohead’s an arena band again. And Yorke still gets in his savant touches. There are the classical fluorishes on the delicate, “White Album”-recalling “Faust Arp”; the drum machine crunch and electronic undertow of opener “15 Step”; the haunting piano lines of “Videotape” battling the martial polyrhythms of looped percussion tracks. On “Jigsaw Falling into Place,” Yorke sings, “What?...
...Lucy W. Baird ’10. “I have literally 3 hours if I want to sleep, and I do,” says Baird, who came in fourth in last fall’s challenge. But she isn’t sweating the time crunch. Baird sets off for Chinatown minutes after receiving her theme and the allotted 24 dollars. She heads straight to her favorite fabric store, and deftly navigates the cramped aisles in search of anything dark blue—her signature color. “I tend to use certain shapes and certain...