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...will none of us be remembered for the things we didn’t do, for the things we thought were too risky to dare to do,” he said. “In the future, I hope that Harvard will try things that will fail, but that its mistakes will be mistakes of action and not mistakes of inaction.” Summers, the third in a series of speakers hosted by Winthrop, was late to the event, and his talk was interrupted twice by his Blackberry. Winthrop House Master Stephen P. Rosen said that he invited...

Author: By Elissa F. Jennings, CRIMSON STAFF WRITER | Title: Summers Encourages Students To Take Risks | 3/18/2008 | See Source »

...CDOs, that contained pools of mortgages. It also exploded into the secondary market, where speculative investors, hedge funds and others would buy and sell CDS instruments from the sidelines without having any direct relationship with the underlying investment. "They're betting on whether the investments will succeed or fail," said Pincus. "It's like betting on a sports event. The game is being played and you're not playing in the game, but people all over the country are betting on the outcome...

Author: /time Magazine | Title: Credit Default Swaps: The Next Crisis? | 3/17/2008 | See Source »

...once the Ivy League season starts.“We’ve been having a tough time finding people that can go out there and pound the zone and he was great,” Stack-Babich said. “He wasn’t afraid to fail and he didn’t.”But Sestanovich’s gritty performance was wasted by a dormant showing from the Harvard offense, which—aside from Stack-Babich’s 4-for-4 day—was unable to come through in the clutch...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: Senior Pitcher Earns First Win | 3/16/2008 | See Source »

This time around, though, the ratings agencies didn't just fail to see a financial calamity coming. They helped cause it. Why did collateralized debt obligations (CDOs) based partly on risky subprime mortgages lead to so much trouble? Because Moody's and S&P awarded them dubiously generous letter grades. It's the same story for the mostly incomprehensible tizzy over bond insurance...

Author: /time Magazine | Title: Triple-A Trouble | 3/13/2008 | See Source »

...says. So he decides to kill her. Unfortunately, Cooper seems more like a former CIA agent embarking on a freelance operation than a troubled husband who is about to assassinate his beloved wife of two decades. The scenes in which Harry plans the murder are suspenseful and gripping, but fail to provide an insightful glimpse into the soul of a disillusioned married man. The plot twist turns “Married Life” into “The Bourne Ultimatum.” While Cooper’s performance is far from excellent, Clarkson does an amazing...

Author: By Roy Cohen, CONTRIBUTING WRITER | Title: Married Life | 3/13/2008 | See Source »

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