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...hedge funds. And Citigroup has poured more than $3 billion into fixing its problems with structured investment vehicles, investments the bank set up with its own capital. Like Merrill, Citi lost big - as much as $15 billion, on the CDOs it decided to hold rather than sell off. In fact, nearly every large financial firm that stumbled during the financial crisis had billions of dollars in proprietary-trading or hedge-fund losses. (See the worst business deals...
Dead men tell no lies: I’m more confident of this than I am that Harvard’s concentration policies benefit us. In fact, it’s because I trust the opinion of the not-so-recently deceased that I think that the rules regarding what students can study have to change. Take Aristotle, for example. In a head to head-to-head match, Aristotle’s educational approach proves more conducive to students’ pursuit of their educational goals than that of the Harvard Registrar’s Office...
Restrictions on combining certain fields with others should also be removed. For example, the art of household management, Aristotle’s version of economics, is studied as an integral part of quite a few disciplines; in fact, “all other pursuits that involve the acquisition of what is necessary for life.” A broader interdisciplinary approach towards economics couldn’t be found even in Social Analysis...
...Zuma, who likes to celebrate his Zulu ancestry by dancing onstage in leopard skins, is unlikely to care what the rest of the world thinks about the fact that he fathered a child out of wedlock - and so far, that unrepentant African pride has won him admirers across South Africa and beyond. The accusation that he is undermining his own AIDS policy is more damaging, though. Zuma already stoked outrage in 2006 when, on trial for rape - a charge of which he was eventually acquitted - he admitted to having unprotected sex with a woman he knew to be HIV positive...
...Four days after a South African newspaper broke the story that he had fathered a child - his 20th - with Sonono Khoza, 39, the daughter of the owner of one of South Africa's top soccer teams, Zuma finally came clean on Wednesday that he was in fact the baby's daddy. "The matter is now between the two of us, and culturally, between the Zuma and Khoza families," he said, adding that he had made a payment of inhlawulo, a Zulu word for the compensation (traditionally a cow and goat) that a man gives a woman's family for impregnating...