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...with her husband to celebrate her fiftieth birthday, only to return home to multiple messages from her HMC team notifying her that they were formulating contingency plans for Lehman Brothers’ collapse—the largest bankruptcy in U.S. history and what many investors see as a seminal event in the financial crisis.Stephen Blyth, who had only been promoted to his post as head of internal management at HMC the week before, says that Oct. 2008 was the most volatile month in the entire history of equity markets. While the markets were already ominous prior to Lehman?...

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

Lumumba B. Seegars ’09, the senior class’ first marshal, opened and closed the event with a speaking style that came from his time preaching at his church while in high school, according to his roommate Matthew K. Clair...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Class Day Takes a Humorous Tone | 6/3/2009 | See Source »

...preliminary investigative report, released on March 6, the Australian Transport Safety Bureau said Airbus had initially said it didn't know of any other similar events. But when the same thing happened again, involving a different aircraft, on Dec. 27, Airbus combed its computerized flight files and found data fingerprints suggesting similar ADIRU problems had occurred on a total of four flights. One of the earlier instances, in fact, included a September 2006 event on the same plane that entered the uncommanded dive in October (the other three flights had continued safely on). The same VCR-sized ADIRU...

Author: /time Magazine | Title: A Past Flight May Offer Clues to Air France 447 | 6/3/2009 | See Source »

...Australians' March report concluded that the October dive was due to a series of events that, when combined, was "close to the worst possible scenario that could arise from the design limitation in the AOA processing algorithm." Airbus also told investigators that this particular mathematical formula for flying the plane is found only on its A330 and A340 models. "Different algorithms were in use on other Airbus types, which were reported to be more robust to AOA spikes," the report said. "The manufacturer advised that AOA spikes matching the above scenario would not have caused a pitch-down event...

Author: /time Magazine | Title: A Past Flight May Offer Clues to Air France 447 | 6/3/2009 | See Source »

...Images of close fraternity between the rulers of the United States and the desert kingdom were evident throughout Riyadh. Along highways and on landmarks, the stars and stripes flapped alongside the green Saudi flag to honor Obama's visit. A graphic logo on Saudi television's coverage of the event depicted Obama and Abdullah in the corner of the screen, their faces nearly touching. (See pictures of Obama in Saudi Arabia...

Author: /time Magazine | Title: Obama and the Saudis: Cheek to Cheek, but a World Apart | 6/3/2009 | See Source »

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