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...Luckily for us, the designers’ talent was even greater than their skepticism, and they brought out the best aspects of our concepts while reining in the more far-fetched...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: PARTING SHOT: Sports Writer Learns Lessons on Writing, History, Friendship | 5/27/2010 | See Source »

...clearinghouse industry has been another victim of the crisis. Clearinghouses grew rapidly in the wake of 2010 reforms that targeted the over-the-counter derivatives market. Clearinghouses were meant to bring a greater level of stability and transparency to derivatives trading. But this industry has become more fragmented than originally envisioned, and some argue that competition among clearinghouses has led to a “race to the bottom” whereby the clearinghouses require insufficient collateral from the SWIFTs they deal with. The Houston Power House is said to have large, uncollateralized exposures with Magna-SWIFT, and observers estimate...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...even greater scale, this amendment violates one of the basic foundational principles of our central banking system: Our economy hinges on the trust that we place in the Federal Reserve to look out for the best interests of the economy at large, independent of any political influence whatsoever.  Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker’s raising of interest rates to historically high levels in order to cut inflation...

Author: By Ravi N. Mulani | Title: Financial Follies | 5/12/2010 | See Source »

...Fellow to his long tenure on the Advisory Committee, will make this transition easier, according to IOP President P. Kenzie Bok ’11. Bok added that given the long-term nature of many IOP programs, Culver’s familiarity with these projects will allow for greater continuity...

Author: By Stephanie B. Garlock, CRIMSON STAFF WRITER | Title: IOP Names Culver Interim Director | 5/12/2010 | See Source »

...Smith said that the school faces financial hurdles ahead, in the form of a greater demand on its financial aid program, a slightly larger incoming class at the Graduate School of Arts and Sciences, and building plans that have been put on hold in light of the bleak fiscal climate...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: FAS Deficit On the Road Toward Recovery | 5/12/2010 | See Source »

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