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...entice them to pay handsomely for these loans, but investors are unlikely to pay full price or even close to it. So in order to sell the loans banks will have to recognize losses that could run as high as $200 billion for the sector in general. "The gap between bank marks on these distressed [loans] and their economic value appears to be too wide to be bridged," says Morgan Stanley analyst Richard Berner of the government program...
...other scientists, a pool comparable in size to those of previous years. “The process for earning the fellowship is quite rigorous,” Kovachy said. “You are expected to not only have done significant research in the sciences, but to have a general knowledge of virtually all scientific subjects.” To win a Hertz fellowship, candidates are required to submit a detailed application and participate in two rounds of interviews. During the first interview, applicants were asked questions from all areas of physics, chemistry, biology, and statistics. The second round...
...final clubs. “They perpetuate an unequal gender-power dynamic at this school,” Herz-Roiphe said of final clubs. He suggested that either final clubs could become co-ed or that female final clubs could become more popular. “Final clubs in general are heteronormative and it’s a shame,” Bowman said. In discussing sexual assault, both final club representatives said clubs do their best to prevent sexual assault and have rejected potential members during the punch process due to anxieties about sexual assault. Perold?...
...President Barack Obama's Afghanistan strategy is getting Pakistan to fight the Taliban on its side of the border. But despite the Administration's demanding a more concerted effort against militants on Pakistani soil as a condition for further aid to Pakistan's military - and warnings by Centcom commander General David Petraeus and others that the Taliban threatens to destroy Pakistan as a state - many in Washington and beyond are skeptical that Pakistan will cooperate...
...Afghanistan. That's the prime focus of the summit media packages, which include hours of footage of NATO forces in Afghan villages, highlighting projects such as health clinics and schools. "I didn't even know the [Afghan] provinces when I came to NATO five years ago," joked outgoing Secretary General Jaap de Hoop Scheffer at a NATO Youth Forum in Strasbourg, France, on Thursday. "Now I think I know them...