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...failure would cause as much havoc in the financial market as the bankruptcy of Lehman Brothers did last fall. CIT, which was founded 101 years ago, lends to hundreds of thousands of small businesses and also provides money to other firms, called factors, that help small businesses finance their day-to-day operations. In late 2008, the Treasury Department gave CIT $2.3 billion in federal assistance from TARP funds. But apparently, the Treasury Department's bar for bailouts has risen, and CIT isn't tall enough anymore. And while some bank stocks traded down on Thursday, investors mostly...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

According to Vanderbilt spokeswoman Elizabeth L. Latt, Vanderbilt's CFO does not have direct oversight of the university's endowment, which had experienced a 16 percent decline as of December. Rather, the CFO manages the more "day-to-day" finances by dealing with specific units across the University...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Finance Dean To Depart After Less Than A Year | 7/3/2009 | See Source »

...they seem like very nice people. They are. The Ikea people I met in Sweden are the nicest people you can imagine, but they were also like a cult. Their allegiance to Ikea was just beyond belief, to the point where they weren't really thinking about what their day-to-day activities meant. They design to price: they set the price first and then do what they need to do to keep the price where it is. So whether it's a 50-cent coffee mug or a $100 table, they do what they need...

Author: /time Magazine | Title: What Cheap Stuff Really Costs Us | 7/2/2009 | See Source »

...computational journalism" helps computer-science majors study how journalists gather, organize and utilize information, then take these workflows and see how technology can make the processes easier. Says Professor Irfan Essa: "We're trying to get people aware of what computations and software programs can do for their day-to-day work. This kind of thinking has enabled technology to streamline workflows in dozens of other industries. There's no reason it can't work in journalism...

Author: /time Magazine | Title: Can Computer Nerds Save Journalism? | 6/8/2009 | See Source »

...favorite things to do is to sit across from each other at the table with a nice meal, enjoying a glass of wine, and rehashing the events of the world’s day and our day,” says her husband, noting that they are particularly fond of Mediterranean cuisine. Mendillo says she continues to find the day-to-day work of portfolio management exciting and energizing, and that she never ceases to be motivated by the educational mission of the University she works for—a sentiment shared by her husband...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Despite Tough Year, New HMC Chief Remains Optimistic | 6/3/2009 | See Source »

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