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...late November, the government agreed in a deal struck over a weekend, to guarantee 90% of the losses on a pool of $300 billion in loans held by Citigroup. The government insurance was supposed to put the bank back on solid footing. At the time, a number of analysts said Citigroup needed as much as $300 billion in new capital to survive. The government thought insuring the loans, rather than the more costly and politically difficult path of just handing Citigroup money directly, would be enough to stabilize the bank. (Read "Why Your Bank Is Broke...
...Tight throughout a second half that saw three ties and six lead changes, the Quakers (5-10, 1-0 Ivy) took the lead in the final two minutes and held on to it to give the Crimson (9-7, 1-2 Ivy) its second-straight home Ivy loss. Harvard got 14 points and six boards from junior forward Doug Miller and 13 from junior guard Jeremy Lin, but the team was killed by abysmal free throw shooting, hitting just 7-of-16 attempts, including missing the front ends of four one-and-one chances. This came on the heels...
...long lobbying campaign by the MEK's supporters in Europe, sparked an outcry in Tehran. About 300 people were gathered around noon on Wednesday in front of the British Embassy in Tehran to protest the E.U. decision. Some in the crowd threw stones at the embassy, while others held up shoes on sticks in a show of deep disrespect in the Middle East...
...another out on unacceptable interpersonal behavior: failure to share information, lack of follow-through, riding roughshod over others, unilateral decision-making, backbiting and subterfuge. Michaels made it clear that he expected to be treated like every other member of the team. He wanted direct feedback and insisted on being held accountable for commitments and results. By the end of the two days, Michaels' team was on its way to becoming great...
...addition, Nicco Mele, founder of Internet consulting company EchoDitto, will serve as a visiting Murrow lecturer, the position Schwartz held this fall. Mele, who was an IOP fellow last semester, will teach a class about the power of digital media...