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...Held in the Loeb Experimental Theater but set in outer space, the improv festival—which, after a Friday night viewing, has officially earned the FlyBy stamp of approval—will feature not only Harvard’s IGP but also improv groups from schools nearby. Friday night’s shows included Dartmouth’s Dog Day Players and Wesleyan’s New Teen Force. Saturday night will spotlight Columbia’s Fruit Paunch and Brown’s Starla and Sons...
...hostage last May, for example, simply to horrify the world after efforts to secure a ransom reportedly failed. The man, Edwin Dyer, was abducted while traveling in Niger in January 2009, and in exchange for his freedom, AQIM demanded $14 million and the release of a radical cleric being held in a British prison. When Britain balked, Dyer was executed less than 24 hours later. Some analysts now say that the demands could have been a ruse and that AQIM had been planning to kill Dyer all along. (See pictures of the U.S. troops in Iraq._...
...role of proprietary trading - when banks buy and sell investments for their own accounts rather than their clients - and other principal investments in the financial crisis is getting new scrutiny. On Thursday, Feb. 4, the Senate Banking Committee held its second hearing in a week on President Obama's proposal to keep banks, which hold federally insured deposits, from engaging in such risky businesses as proprietary trading and hedge-fund and private-equity-fund investing (all three activities contain some element of trading or investing for the firm's own account, possibly employing leverage). Many have dismissed the so-called...
Indeed, it was these so-called principal investments that did in Lehman Brothers. In 2006, Lehman Brothers generated 58% of its revenue from proprietary transactions, up from 33% in 1998. In 1998, Lehman held just $28 billion in securities and other financial instruments. By 2007, at the beginning of the financial crisis, Lehman's holdings of these investments had increased more than tenfold, to $313 billion, up nearly $100 billion from the previous year alone...
...This panel, if held last semester, would have been so helpful,” Homaifar added. “[The panelists’] wisdom and their idea of viewing failure as another opportunity to gain skills would have really helped...