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...investment pools, like hedge funds or private equity firms. Moreover, they have universally opted to keep their assets below the $100 billion “Too Big to Fail” threshold that regulators use to classify any financial institution as systemically significant and hence subject to added supervision. Given these two facts, SWIFTs have not been subject to the strict capital and liquidity requirements imposed on banks in wake of the global financial crisis of 2007-2010. In the meantime, the major banks, unable to compete with the low funding costs of the SWIFTs, have stuck to more traditional...
...Given current financial constraints—FAS has yet to close at least a $35 million budget deficit—Witzel said that the department would likely wait to bring new hires from outside Harvard...
Despite all challenges, there is a deep sense of pride in being a Druze. Given that the Druze faith is based on different religions, including Islam, Christianity, and Hinduism, it is a real loss to allow this unique religious identity to wither. It is estimated that there are approx 1.5 million Druze worldwide, but there are no reliable updated statistics or population-trend analyses studies that can educate us about the future survival of the Druze as a community...
...think it’s been a great year,” Law School professor John C. Coates says. “It’s a tough time for any dean to start given the financial situation...
...wazoo. But I am not one of those students, and neither was Wheeler. And with Commencement upon me, I am starting to wonder if I should have tried harder to be one—applied myself more in the classroom, stayed in Lamont longer, and maybe even given up Tequila Tuesdays...