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...that fall. On one mid-September Sunday evening, Mendillo went out to dinner with her husband to celebrate her fiftieth birthday, only to return home to multiple messages from her HMC team notifying her that they were formulating contingency plans for Lehman Brothers’ collapse—the largest bankruptcy in U.S. history and what many investors see as a seminal event in the financial crisis.Stephen Blyth, who had only been promoted to his post as head of internal management at HMC the week before, says that Oct. 2008 was the most volatile month in the entire history...
...possibly evaluate different things without knowing some microeconomics that’s global or national,” says Economics Professor Ariel Pakes. “We should be producing intelligent citizens.”Although the department is Harvard’s largest in terms of concentrators, only one Economics course in Gen Ed so far was designed specifically for the new curriculum.Like their colleagues in Littauer, according to Smail, historians find Gen Ed’s intellectual structure to be problematic—particularly because the lack of a straightforward historical requirement, in contrast to the Core?...
...balance sheet.Using historical data, the models predicted a rosy future not too-unlike the recent, prosperous past, giving AIG’s leadership confidence in entering uncharted markets.But by last September, one of AIG’s gambles had all but destroyed the institution—once the 18th largest public company in the world. To prevent an abrupt and potentially catastrophic collapse, AIG was forced to take a $182.5 billion lifeline from the U.S. government to cover losses that its forecasts indicated were never supposed to happen. Quantitative models like Gorton’s—equally likely...
...single largest confirmed reduction is from the Information Technology division, which will cut up to 25 undergraduate positions as User Assistants, though FAS IT Senior Client Technology Advisor Noah S. Selsby ’95 says the cuts were not a result of the University’s cost-saving measures...
...everything we do. In the first and smallest bucket go our highest priorities, those things so important we might need to increase spending on them. In the second medium-sized bucket go things central to the core mission of FAS that cannot be reduced. In the third and largest bucket is everything else, and much of it will have...