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...date, U.S. banks have admitted to $334 billion in losses and write-downs, and the final total will almost certainly be much higher. To compensate, they have managed to raise $235 billion in new capital. The trouble is that the net loss of $99 billion implies that they will need to shrink their balance sheets by 10 times that figure - almost a trillion dollars - to maintain a constant ratio between their assets and capital. That suggests a drastic reduction of credit, since a bank's assets are its loans. Fewer loans mean tighter business conditions on Main Street. Your local...
...Randy Barbour and Luke Siwula. On the offensive side, Lehigh is underperforming at best but more likely is just plain unimpressive. Overcoming a Big Red squad that held Yale to 14 points requires more than what the Mountain Hawks have to offer.Prediction: Cornell 21, Lehigh 13Record to Date: 4-2—Staff writer Loren Amor can be reached at lamor@fas.harvard.edu...
...Undergraduate Council presidential candidates, as well as coverage of the True Love Revolution versus Lena Chen ’09 debate, generally garnered more than 3,000 viewers. Most notably, Flanzraich’s interview with Karl Rove has been viewed 32,822 times on YouTube to date, and received attention from national media sources including political blogs and Web sites...
...interview Friday.The long-delayed campaign—once slated for a 2006 or 2007 launch—could be pushed back further if the ongoing crisis causes University fundraising to falter, Rogers said. “We will continue to plan a campaign with a possible launch date of 2011,” Rogers said. “That date isn’t set into stone because so much depends on what happens right now.”Earlier plans for a capital campaign were delayed amid controversy over remarks of then-University President Lawrence H. Summers about women...
...team, so when it comes to chest day, if he gets three reps, I just absolutely have to get four reps,” Desmond jokes. “No question about it.” All told, the sibling rivalry has paid off. In his collegiate career to date, Desmond has accumulated 12 sacks, while Brenton has racked up 7. Brenton has tacked on an additional 12 tackles for loss and one forced fumble, while Desmond has posted 19 tackles for loss and one fumble recovery. And with numbers like those, Murphy has to be pleased to have...