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Treasury Secretary Tim Geithner had every reason to think he had seen all of AIG's dirty laundry. The government owned 80% of the company, and Geithner had just orchestrated AIG's most recent handout - its fourth, if you are keeping score, for $30 billion on March 2 - to prevent the teetering insurance giant from going over the cliff and taking the rest of the global financial system with it. AIG had already cost the taxpayers some $170 billion, mostly to repair the damage done by one of its units, AIG Financial Products (AIG FP), which last year alone piled...
...talks to buy server company Sun (JAVA). Sun has had a difficult time making it all alone. It sits in fourth or fifth place in terms of market share. Giants like Hewlett-Packard (HPQ) top that list. Sun has no chance of ever making it to one of the top three spots. The company has already fired thousands of people, so it is lean, maybe too lean to grow. IBM has been watching Hewlett-Packard become a more formidable competitor. And, Cisco (CSCO) recently said it would get into the high-end server business. The number of huge companies that...
...eighth goal of the season on a pass from Martin, who then exploded for two scores of her own. Freshman Chelsey Bowman punctuated the run with her second collegiate goal, putting Harvard ahead, 7-2.The Huskies twice cut the deficit to four, but Martin’s third and fourth goals made it 9-4 with six minutes to play in the half. Two and a half minutes later, freshman Katie Doherty and junior tri-captain Sara Flood scored 11 seconds apart to open up a seven-goal lead for the Crimson, which exhibited a stellar team effort...
...intramural volleyball game, you might have been surprised to find hundreds of high heeled women in flashy makeup and men dressed to the nines, instead of a few sweaty students in gym shorts. Why this dramatic change in scenery? The 18th Annual Harvard Ballroom Invitational, which converted the fourth floor of the Malkin Athletic Center into a sea of sequins and bright colors as dancers from all over the country took to the gymnasium floor. According to Masha Maystrovskaya ’11, the Harvard team’s captain, the competition takes place over the span of two days...
...throw frequent parties and everyone is invited.”Eliot: The CockpitCurrently, this co-ed suite on the fifth floor of Eliot’s C-entryway houses 10 people, and is located just a floor above another notorious Eliot party suite, the fourth floor’s “Ground Zero.” “Since we’re right above Ground Zero, which itself is on top of the Eliot Library, we never get noise complaints,” says current resident Eva L. Mihalis ’09. The giant common room...