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...Joshua J. Kearney contributed to the reporting of this story...
...banks flatly dismiss the notion that the central bank will need to bail out the system. "That's just unthinkable," says Ásgeir Jónsson, chief economist at Kaupthing, Iceland's largest bank. Following the 2006 crisis, banks greatly strengthened their liquidity positions and shifted their liabilities further into the future: on average, newly issued bonds now mature in 2010 or after, rather than within a year. Although Iceland's major banks had hoped to grow quite quickly this year, they will use their liquidity conservatively as a buffer instead. Meanwhile, to their relief, Iceland's banks have negligible...
...arrested members were Samantha G.M. Barnard ’09, Robert J. Ross ’09, Amary K. Wiggin ’09, and Jacob P. Reitan, a Harvard Divinity School student who first conceived of the tour...
...Adam M. Guren ’08, a former Crimson editorial chair, is an economics concentrator in Eliot House. Ari S. Ruben ’08, a former Vice President of the Student Advisory Committee of the Institute of Politics, is a history concentrator in Leverett House. Daniel J. T. Schuker ’08, a former Crimson news executive editor, is a social studies concentrator in Quincy House...
...General Education Standing Committee approved 13 classes at its meeting last Thursday, bringing the total of courses approved for the new Gen Ed curriculum to 39. Among the new inductees is the popular Moral Reasoning 22: “Justice,” taught by Government professor Michael J. Sandel. Routinely one of the largest courses at the College, “Justice” received approval as part of the new “Ethical Reasoning” course category. The once-empty “Science of the Physical Universe” category now contains one class: Science...