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...entire history of equity markets. While the markets were already ominous prior to Lehman’s collapse, he says the event exacerbated the crisis by triggering massive risk replacement for the many derivative contracts held by Lehman, increasing potential systemic risk in the markets, and instilling a general lack of investor confidence. “We were well prepared, but we didn’t expect the Lehman failure, and obviously things were terribly difficult in the fall,” Kaplan says, noting that even a diversified portfolio cannot protect investors against simultaneous drops in nearly all asset...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Despite Tough Year, New HMC Chief Remains Optimistic | 6/3/2009 | See Source »

...chorales as the basis of learning in “a very controlled environment,” according to Rehding.Rehding says he hopes that the new Music 51—as well as the revamped Music concentration as a whole—will appeal more to students who may lack classical training, but like to play GarageBand or sing in student groups like Kuumba.The new “era of globalization” to which the Final Report of the Task Force on General Education repeatedly refers has also found its way into the Music curriculum—which...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Concentrations Revamp Requirements | 6/3/2009 | See Source »

...Spurred by the possible conflict and the lack of any written policy preventing it, the students began advocating not only for more stringent policies within the Medical School but also across the affiliated hospitals, where students complete their third and fourth years of training...

Author: By Laura G. Mirviss and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Curbing Conflict | 6/3/2009 | See Source »

...administration’s vague responses and deflections may reflect a lack of any current plan. “I don’t think there’s some big proposal sitting in the wings that is the secret strategy for solving our budget shortfalls,” says Allan M. Brandt, dean of the Graduate School of Arts and Sciences...

Author: By June Q. Wu and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Behind Closed Doors | 6/3/2009 | See Source »

...United States of the World” or “Empirical and Mathematical Reasoning” if taken for the full year—but not both. Kenen, Harris, Miron, Stock, and Mankiw all declined to comment on the specifics behind Ec10’s approval.Since Gen Ed lacks a clear category for economics, economists have met the curriculum with indifference or hostility.“I don’t see how you can possibly evaluate different things without knowing some microeconomics that’s global or national,” says Economics Professor Ariel Pakes...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Gen Ed Forced To Get Practical | 6/3/2009 | See Source »

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