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...problem with the FDIC's solution is it does nothing to keep its fund officially out of the red. That's because the same accounting that allows banks to hide the costs will prevent the FDIC from marking up its own assets. Just as the banks get to add an asset to their balance sheet for the money they are prepaying, the FDIC has to book a liability for the money that it has received from the banks but is not actually entitled to yet. That liability will lower the balance of the FDIC's fund by the same amount...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

While the Crusaders came out firing in the game’s opening minutes, Harvard’s defense came up strong on several occasions to keep Holy Cross off the scoreboard. After Harvard withheld the initial onslaught, it managed to generate advantageous offensive opportunities as well...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Harvard Overcomes Crusaders in Shutout | 9/30/2009 | See Source »

...year, Harvard Law School has seen a 20 percent reduction in the number of firms participating in its recruitment process, according to Mark A. Weber, assistant dean for career services at the Law School. Some members of the class of 2009 received deferred start-dates as firms struggled to keep the hiring commitments they made two years earlier. And starting salaries for the largest firms have dropped from around...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Tough Times For Harvard Lawyers | 9/30/2009 | See Source »

After the financial crisis pummelled investment banks and the fountain of transactional work dried up, law firms were forced to keep the commitments they made to new hires two years earlier. The result: a spate of deferred start dates that began with the class of 2009 and may continue with the class...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Tough Times For Harvard Lawyers | 9/30/2009 | See Source »

...There are too many countries [in the E.U.] now, and we'd just be sucked into it. Ireland won't have a voice in Europe and we'll be right down the pecking order," he says. As for the government's campaign in support of the treaty? "They keep telling us that we're informed, but of what? They're only telling you what they want you to hear," he says. (See TIME's photo-essay "New Hope for Belfast...

Author: /time Magazine | Title: The E.U.'s Future: Back in the Hands of Irish Voters | 9/29/2009 | See Source »

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