Word: holdings
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Dates: during 2000-2009
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...billion in capital to bring leverage down to 20. The Royal Bank of Scotland (estimated leverage: 39.3) has already started slimming down. It recently put its retail and commercial businesses in Asia on the block. New CEO Stephen Hester has announced plans to create a subsidiary that will hold about $477 billion of the bank's assets that are earmarked for disposal...
...Lastly, turning to local matters, this year we commented on several local debates that hold greater significance for the national educational scene. Several public schools made moves to introduce school uniforms this year. Although such an imposition may appear to be in violation of the spirit of free expression, we believe that the benefits of uniforms on school atmosphere and attendance warrant this move. Support for this position can be found in Hartford, Connecticut, which has required its public school students to wear uniforms and has since seen a marked increase in the number of students taking the SATs...
...What is sometimes even more difficult to change than our views are the internal “choice rules” that we hold. In some way, many of us have learned the most not from texts and lectures, but by observing our reactions to them and by becoming aware of our habits of thought and the limits of the human gift for “zooming out” to reflect on a subject from the perspective of someone else. The key to my learning, at least, was the attempt to eliminate an automatic creation of opinions...
...hold even higher hopes for the ability of this year’s graduating class to pause, reflect, and consider the world around us. The great, albeit fictional, President Josiah Bartlet once described his job saying, “Every once in a while there’s a day with an absolute right and an absolute wrong…other than that, there aren’t very many un-nuanced moments in leading a country….” It is a testament to our education that we do understand nuance, embrace complexity, and savor intellectual challenge...
...Several alumni remembered their Houses finding ways to get around the College’s drinking policy. Some said that House Masters would hold open houses where alcohol was served from 9 p.m. to midnight on Saturdays, while a alcohol-free party was occurring in another part of the House...