Word: deal
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...shared their modest portions with others. Each readily admits to making occasional mistakes with money, but even Warren Buffett has made occasional mistakes with money. Their bitterness stems from a feeling that they've held up their end of the social contract, but now the terms of the deal have been rewritten by malign forces. "It's a different world and a different time," Stevens said ruefully. "Even if you work hard you get laid off." Zachery put it this way: "It's not the United States anymore. Those at the top have sold out the bottom for money...
...nation's biggest banks, the U.S. Treasury is providing capital infusions and now a detailed stress test. Also, Citigroup announced on Friday the outline of a deal with Treasury to convert the government's holding of Citi preferred stock into common shares. The U.S. Treasury could end up owning more than 36% of the ailing bank. But confidence in the financial community remains low. Describing a vicious cycle of risk aversion, former Fed chief and current Obama adviser Paul Volcker told Congress's joint economic committee on Thursday that "an insecure bank faced with what it sees as insecure borrowers...
...sometimes think we're victims of our own success. We have been able to mitigate the adverse affects of volcanoes through science. There have been no crashes of aircraft because we've gotten pretty good at diverting them. The hazard is what it's always been. Our ability to deal with it has improved...
Harvard has inked a custom loan arrangement with financial services giant JPMorgan Chase designed to make it easier for international graduate students to fund their education, University officials announced Friday. The recently signed deal with JPMorgan, which had been in the works for over six months to replace a previous arrangement with Citibank, will provide eligible international students with loans up to the total cost of attendance at Harvard’s graduate schools. The announcement did not contain further details for the program, and both JPMorgan and a number of Harvard financial aid officers declined to comment Friday afternoon...
...stunt tumor growth. In collaboration with David E. Fisher, the chief of dermatology and director of the Melanoma Program at Massachusetts General Hospital, Harlow plans to screen about 500 genes to identify which ones MITF depends on. “In our experiment we’re trying to deal with a cell that has cancer...and find things that are essential to the original mutation and attack that,” Harlow said. Fisher said he is looking forward to working with Harlow and having a “cross-campus” collaboration between Mass. General and Harvard?...