Word: dollarization
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...four sides by Harvard-owned property, too much of which seems to be mothballed till who knows when. Harvard’s Allston Development Group has begun construction of the mega-Science Complex, while its new consulting firm prepares a 50-year master plan for the new multi-billion dollar Allston Campus...
...about how this credit crunch would affect the global financial system. “We will certainly see a fundamental shift,” said David A. Moss, a professor of business administration at the Business School. “The implications of the bailout are much larger than dollar value.” The real question is what American taxpayers want the government to do, he added. “By allowing this bailout to go forward, we are putting greater weight on financial stability than financial innovation, and the government will have more responsibility for the financial system...
...that fell under its purview. An SEC rule change in 2004 - which didn't generate a lot of attention at the time and passed before Cox came along - let the five largest investment banks significantly raise the amount of money they could borrow. In retrospect, the new ratio - $40 dollars borrowed for each dollar of capital to back it up - was precariously high, considering smaller broker-dealers were capped at a ratio of $12 borrowed for each dollar of capital...
...Prior to passage of the health care law in 2006, the Health Alliance was reimbursed by the state for the full cost of providing uncompensated services. But the hospital system is now only receiving 60 to 70 cents for each dollar of medical service provided, according to chief financial officer Gordon H. Boudrow...
...Political parties—I pray their members know—do not set the value of the dollar (which is a floating currency). Presidents only appoint a Chairman of the Federal Reserve who has (limited) control over the interest rates. Those rates influence the dollar’s value—as does demand from abroad. In the end, a prolonged and unsustainable trade deficit is more to blame for the weakening of American currency than any one president...