Word: institutionalized
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The Moody's report noted that the $2 billion line of credit served as a source of "additional liquidity flexibility," though it does not qualify as "same-day liquidity"—a measure of an institution's ability to meet cash demands quickly. At the time, the ratings agency...
Paradoxically, it may be the very absence of a dominant leader that makes China's existing system more stable than it sometimes might appear to outsiders. That's because there are no individuals strong enough to make a play for controlling power. "Collective leadership means weak leaders and strong factions...
• "You don't need an entirely corrupt institution to pull one of these schemes off. You only need a few corrupt managers whose compensation may be tied to the performance of these assets in order to effectively pull off a collusion or a kickback scheme." - Upon the announcement that...
Saving Cash, Living at Home Community colleges are used to doing more with less. But this recession has led to record enrollment surges at many two-year schools, in part because of the influx of laid-off workers but also because more members of the middle class are looking to...
What would stepping up look like? For starters, Congress needs to double the federal funding for these schools, according to a May report from the Brookings Institution. But, the report argues, to truly "transform our community colleges into engines of opportunity and prosperity," funding needs to be tied to performance...