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...intangibles). He got a ratio of 24.8. This is a worrying multiple: the leverage of U.S. banks in 1993, years before the start of the asset bubble whose excesses have now brought the world to its economic knees, was just 20. To bring leverage back to that pre-bubble level, Nomura estimates that U.S. banks need to either shed $2.8 trillion in tangible assets (by selling loan portfolios, subsidiaries and other holdings) or else raise $141 billion in new capital...

Author: /time Magazine | Title: Why China's Banks Are Stronger than America's | 6/3/2009 | See Source »

...lower-level House administrators, who spoke to The Crimson on condition of anonymity for fear of losing their jobs, say that the areas of House life the Hammonds’ administration has targeted for budget cuts—particularly the possible consolidation of resident deans’ assistants—reflected a deficient knowledge of the House system, which they consider to be “instrumental” to undergraduate life at Harvard...

Author: By Lauren D. Kiel and Ahmed N. Mabruk, CRIMSON STAFF WRITERSS | Title: A Disconnected Dean | 6/3/2009 | See Source »

...that the Dean is “a very strong proponent of the College and holds her own in meetings with FAS.” And though students criticized the timing of budget-cut announcements, which came during Reading Period, McLoughlin says that Hammonds had actually convinced other, higher-level University administrators to disclose the cuts before students left for summer...

Author: By Lauren D. Kiel and Ahmed N. Mabruk, CRIMSON STAFF WRITERSS | Title: A Disconnected Dean | 6/3/2009 | See Source »

...leaders of the union, Jaeger meets regularly with FAS Dean for Administration and Finance Brett C. Sweet and Associate Dean for Administrative Resources Geoffrey Peters. HUCTW leaders have also cultivated access to mid-level deans like FAS Administrative Dean for Science Russ Porter and FAS Associate Dean for Arts and Humanities Sara Oseasohn, Jaeger says...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Amid Crisis, Workers Defy Union Image | 6/3/2009 | See Source »

...longer afford to ignore what seemed to be a growing problem. Students and staff began raising concerns that the Harvard’s sexual harassment procedures were inadequate, leaving female students, staff members and junior faculty vulnerable on a campus disproportionately male in both senior faculty and high-level administrators.During the 1983-1984 academic year, the government department established a committee to investigate incidents within the department, administrators facilitated informal meetings with student group leaders on the cases, faculty members, including Verba, presented a policy statement on the issue to the Faculty, and over a thousand students signed a petition...

Author: By Edward-michael Dussom and Danielle J. Kolin, CRIMSON STAFF WRITERSS | Title: Sexual Harassment Publicized, Punished in '80s | 6/2/2009 | See Source »

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