Word: initialers
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By the end of the day it seemed hard to envision a solution. In an eerie replay of the events that led to the initial Wall Street bailout flop, congressional Democrats got the White House's blessing on a bill only to discover (yet again) that the outgoing President doesn...
For instance, the government completed its initial investment of $25 billion in Citigroup in late October. Back then, a preferred share similar in type to those purchased by the government was trading at $15.60. Since then, the shares have fallen 12%, to a recent $13.67. To figure out the total...
In addition to the preferred shares, the Treasury Department is also getting warrants from the banks that give it the right to purchase additional shares of the company equal to 15% of its investment. With a $10 billion investment, then, Treasury gets $10 billion in preferred shares and the right...
Finding herself lost in the impersonal vastness of a computer science course her freshman year, Sandra A. Naddaff ’75 stopped attending class. But she was able to find the saving grace of her first-year college experience in the intimate intellectual outlet of her freshman seminar.Naddaff recalls...
The current Western presence is the most benign intrusion in Afghan history, and the rationale of building stability remains a logical one - but this war has become something of a sideshow in South Asia. The far more serious problem is Pakistan, a flimsy state with illogical borders, nuclear weapons and...