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What all this amounts to, argues Frank Partnoy, a derivatives salesman turned University of San Diego law professor, who is one of the sharpest critics of the ratings status quo, is a "regulatory license" for the ratings agencies. It's certainly a license to print money. Moody's, the lone ratings firm for which data are available, made $702 million in after-tax profit last year, up from $289 million just five years before. Its operating profit margin was a stunning 50% of revenue. By comparison, Google...

Author: /time Magazine | Title: Triple-A Trouble | 3/13/2008 | See Source »

...together so we could race again on Sunday,” Wareham said. “Some boats had parts missing and broken masts.” The weather was more agreeable on the second day of the regatta, allowing for a solid day of sailing which saw the lone first place finish for Harvard, a win for the B division boat in their eighth race of the event. “The B division team did an amazing job,” Wareham said. “They had one really good race. I watched it with Megan [Watson...

Author: By Nick Traverse, CRIMSON STAFF WRITER | Title: Squalls Buffet Crimson Sailors | 3/11/2008 | See Source »

...Boeing gobbled up McDonnell Douglas a decade ago, leaving Boeing the lone American manufacturer of large airframes. Apparently, Boeing's boosters want the company to have a guaranteed monopoly on selling big airplanes to the U.S. military. But the prize market, of course, remains commercial aviation. On Wednesday, Toyota announced it may soon develop a new generation of fuel-efficient passenger airplanes. If Boeing's boosters get their way, the company can grow fat and lazy at the Pentagon trough, while innovations and breakthroughs come from companies like Airbus - and ultimately, perhaps, Toyota - fighting for every sale...

Author: /time Magazine | Title: Air Force Snub Good for Boeing | 3/7/2008 | See Source »

...been able to get over the hump there and certainly that’s a tough thing for any team when you struggle on the road.”But the significance of this weekend’s games extends beyond standings and implications for next year. For the lone senior on the team, captain Brad Unger, Saturday’s matchup represents the last chance to sport a Crimson hoops jersey. Despite an injury-riddled season, Unger has contributed almost nine points per game and boasts the second highest free throw percentage on the team at 82.9 percent. Last...

Author: By Emmett Kistler, CONTRIBUTING WRITER | Title: Harvard Finishes With Ivy Matchups | 3/7/2008 | See Source »

...terms of duties, Johnson both informs and organizes student supporters. And once, he even got to drive the senator around New Hampshire in the official shadow car. But student activism spans both sides of the partisan spectrum. Katherine C. Harris ’10, recently travelled to the Lone Star State, logging long hours for the Democratic contender, Senator Barack Obama, before the Texas Primary. Encouraged by her freshman seminar professor Maxine Isaacs of the Kennedy School, Harris jumped at the chance to get involved. She has championed Obama from the start because of “his ability...

Author: By Mark Fuller, CRIMSON STAFF WRITER | Title: Harvard’s Own Political Junkies—Nay—Tommy Boys | 3/5/2008 | See Source »

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