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...firm that owns a bank with federally insured deposits, which Lehman and Bear both did.) What's more, critics say, if you were to limit financial firms to just making loans and buying low-risk securities, you would curtail profits and run many firms out of business. With fewer financial firms, other corporations might have to pay higher fees to raise money...
Young advocated accelerating the improvement of under-performing groups while continuing to support white and Asian students, as well as expanding the student body to close the achievement gap. Currently, eight of the 11 K-8 public schools in Cambridge have fewer than 400 students...
...help target insurgent cells. The holdup? Air Force pilots are taught to fly real planes, not drones. Each pilot costs about $1 million to train. And yet some staff sergeants in the Army had started operating the drones at a fraction of the price, with far fewer crashes. "If the Army is doing it safer and cheaper and able to produce more pilots faster, why aren't we doing it to that standard?" Gates asked. "This requires a cultural revolution in the Air Force," explained one of his staffers - which it got in 2008, after Gates fired the civilian...
Despite this trend, Yale University received slightly fewer applications this year—about 25,800 students have applied for Yale’s Class of 2014, compared to 26,000 last year...
...urged FAS departments and administrative units to cut their budgets by 15 percent. The Faculty also underwent a litany of budget-saving measures—such as a temporary freeze on faculty hires, a decrease in funding for food and office supplies, and growing reliance on the work of fewer staffers, after 531 accepted an early retirement package...