Word: greenspans
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Earlier this week, Aaron J. Greenspan ’06 launched FaceNet, a website providing Harvard affiliates with services similar to those offered by thefacebook.com, a popular site that has already attracted more than 7,000 students and alumni through friendship networks...
...Greenspan said that more than 50 people signed up for FaceNet, which is run by the Student Entrepreneurship Council (SEC), the night it was launched...
...site’s online message board, which would provide a virus-free and unrestricted alternative to House lists, also has yet to take off. Rounding out the services offered, the events calendar seems respectable (if sparse), but the job listings are a bit meager. Fortunately, Aaron J. Greenspan ’05, the creator and primary administrator of the site, has plans to add a variety of new services including a CD-sharing network and a convenient system for communicating details about campus events, and it seems plausible that a great deal of useful functionality may appear over...
...this election year, Greenspan is trying to force both sides to deal with massive economic issues. Social Security is slowly going broke, and Congress has dodged reform for decades. If we don't act, he said, we will face "one of the most difficult fiscal situations" in our history. Blame our ballooning budget deficit, which should surpass $500 billion this year. Greenspan's message: If we wish to make Bush's recent tax cuts permanent, we can't afford to do it with deficits. So Social Security needs to take...
...Greenspan's advice for homeowners and home lenders was just as bracing. The former are paying too much for the peace of mind of a fixed-rate mortgage, he chided. In today's low-rate market, owners should consider the riskier but cheaper adjustable-rate mortgage. That is, if Fannie and Freddie don't go bust. Greenspan warned that the heavy debt of these lenders poses a catastrophic risk to the banking system. That sent their stocks tumbling--making millions of investors poorer. Apparently, the Fed chief had it in for bulls too. --By Daniel Kadlec. With reporting by Adam...