Word: institutionalized
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Allston residents voiced strong concerns about traffic problems caused by growth and institutional expansion despite reassurances by Harvard and Boston representatives that solutions were at hand during last night’s Community-wide Plan meeting on transportation. Both Harvard and Boston officials presented plans that focused on expansions of...
When the SAT was first administered in 1926, it was intended to provide a neutral, unbiased assessment of the “aptitude” of college applicants. The next 80 years, however, would prove the SAT to be anything but neutral. A good SAT score has always added sparkle...
3. Is this kind of bailout unprecedented? The current financial Hail Mary is much different from Washington's late 1980s rescue of the nation's savings and loans institutions. This time, the Federal Government wants only to carve out and buy poorly performing mortgages and securities, not the institutions that...
6. Will all of the federal wheeling and dealing come with transparency and oversight? Maybe. The bailout is being undertaken by the U.S. Treasury, which means it can't be hidden away or done "off the books" in an effort to minimize its apparent scope. The Treasury will consult with...
All of this, however, will not be enough to blow out the deal, because the consequences of a collapse in the so-called shadow banking system would be much worse. Over the last 20 years Wall Street built what amounted to a parallel finance system that was specifically designed to...