Word: institutionalized
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Doug Elliott, a former investment banker and fellow at the Brookings Institution, says that he thinks releasing the results of the bank stress tests is the right move. "For the test to instill any additional confidence we are going to need to know the results," he says. "It is going...
Yet suddenly the IMF is the center of attention again, and this time in a new and unaccustomed role: as the hero of the hour, the institution seen as best able to rescue the collapsing world economy. A principal outcome of the April 2 meeting of G-20 leaders in...
Obama needs to follow Trinidad's feel-good rhetoric with more concrete programs, although he and Latin America know he can't do much in the short term thanks to the U.S.'s economic calamity. Many Latin American officials in recent months have told TIME they're not looking for...
Further, Harvard is currently slowing down construction in Allston, freezing budgets, and slowing the hiring of new faculty. Some academic programs have had to cut the number of students they admit. If Harvard does not even have enough money for these activities central to a research and teaching institution, then...
In fact, on the issue of worker layoffs, Harvard has been far from “greedy.” Instead of simply firing workers, it has offered them lucrative early retirement plans and has limited layoffs at a time when many institutions are cutting hundreds or even thousands of...