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Economist Marc J. Melitz has returned to Harvard this fall as a full professor after having left campus in 2006 for a two-year stint at Princeton. Melitz, who is well known for his research on international trade and firm-level responses to trade, was an assistant and associate professor at Harvard between 2000 to 2006. According to Economics Professor Ariel Pakes, Melitz “changed a whole field with his thesis” that presented a new model for international trade economics. Economics Department Chair John Y. Campbell said that Melitz’s work...
...Conway, a turnaround expert with the firm Conway and McKenzie in Birmingham, Mich., says Ford's $26 billion debt could still prove troublesome, and hefty interest payments will cut into the company's ongoing profitability. But one antidote to heavy debt is a healthy stock price, which Ford increasingly enjoys. The stock is up from about a buck last November to a recent price of $7.30 per share, and in May, Ford was able to raise $1.6 billion through a common-stock offering of 345 million shares. GM, by contrast, is hoping to do an IPO next year. (Read "Despite...
...year ago today, the venerable investment-banking firm Lehman Brothers filed for bankruptcy protection after the Federal Reserve and the Treasury Department pointedly refused to bail the company out, and no other Wall Street outfit was willing to step into the breach. It was the largest bankruptcy ever in the U.S., but the really big news was what happened afterward. First came a financial panic that threatened to shatter the global capitalist order, then came an unprecedented, and unprecedentedly expensive, effort by governments on both sides of the Atlantic to patch things...
Planning for the new degree program first started in December 2005, and McCartney, then the school’s acting dean, asked The Parthenon Group, a consulting firm with an office in Boston, to conduct a market research study to determine what skills employers would be looking for in an Ed.L.D. graduate...
Both Evans and Delaney-Smith believe that positives can be drawn from the situation. In addition to getting a firm grip on the Harvard offense, Evans hopes to become a stronger and smarter basketball player from watching her teammates...