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...Merrill Lynch, Lehman Brothers, UBS and Citigroup all had large amounts of mortgage bonds or real estate investments that they had parked on or off their balance sheets - but were responsible for. They were chasing the same higher yields that all their investing clients were. Those investments comprised the greatest part of those firms' write-offs. Those weren't client-driven trades. They decided to take them themselves. The idea that proprietary trades were a trivial part of the losses at the banks is just not realistic. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...also a genuinely comic opera by Britten, one of the 20th century’s greatest composers who is best known for his expansive and probing works. Librettist Eric Cozier’s English-language text is “highly conversational” and “very funny,” Kramer adds...

Author: By Julian B. Gewirtz, CONTRIBUTING WRITER | Title: 'Albert Herring' | 2/2/2010 | See Source »

...whether any writer had convincingly portrayed the experience of falling in love. Tolstoy developed it too suddenly and Austen privileged convention over emotion. And for Nabokov, love was a clinical affair; a warm body lain on ice. Entomologist, chess-player, master of three languages, and arguably the greatest prose stylist of the 20th century, the ever-meticulous Vladimir Vladimirovich Nabokov could reach sublime artistic heights, my interlocutor admitted—but who would want to inhabit such chilly...

Author: By Jessica A. Sequeira, CRIMSON STAFF WRITER | Title: Nabokov's 'Original of Laura' Remains Unpolished | 2/2/2010 | See Source »

...private-eye novel is the quintessential form of the American mystery story, and for the past 36 years its greatest practitioner was Robert B. Parker, who died on Jan. 18 at 77. In the genre's lineage of hard-boiled icons, the baton passed from Dashiell Hammett to Raymond Chandler to Ross Macdonald and finally to Parker, whose mononymous detective, Spenser, long ago entered the pantheon inhabited by Sam Spade, Philip Marlowe and Lew Archer. Although Parker's body of work included books featuring other protagonists, it is Spenser who will endure and whose adventures will be read...

Author: /time Magazine | Title: Robert B. Parker | 2/1/2010 | See Source »

Doubles play was by far Harvard’s greatest strength, as the squad took the top two games. Omodele-Lucien teamed up with freshman Christo Schultz for an 8-6 win. It was by the same score that ITA Regional Doubles champions Nguyen and sophomore Alistair Felton beat Brigham Young’s Evan Urbina and Spencer Smith. At the third spots, Chijoff-Evans and captain Michael Hayes couldn’t win against Daniel Hwang and Georgy Batrakov, falling to the Cougar...

Author: By Brian A. Campos, CRIMSON STAFF WRITER | Title: Harvard Earns First Win, Drops Pair | 2/1/2010 | See Source »

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