Word: losely
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...hope that, across the board, colleges that are strapped for cash think before reducing financial-aid programs and that schools with need-blind admissions policies remain that way. Universities lose more than just individual students when they admit wealthy applicants above equally or more qualified, but less affluent, students. Higher education should not be a business—when schools start evaluating their core priorities in this regard, their intellectual integrity suffers. There is a fine line between keeping a school alive to educate another day and doing long-term damage to its commitment to meritocracy...
...problem is that $0.70 is still less than the $0.91 average banks are holding loans on their books. The Treasury Department has said that PPIP program could buy up to $1 trillion in "legacy" banks loans and other debt. That suggests banks could lose up to $210 billion on those sales alone (see chart below). Citigroup, for example, has about $200 billion in residential U.S. real estate loans. Goldman estimates that Citigroup values those loans on its books at about $0.94. If it were to sell half of its mortgage loans, Citigroup would lose an estimated $23 billion, about...
...become parents, how will our relationship with Facebook change? Many will deactivate their accounts or restrict their profile to a name, bland picture and work/education info. Facebook will become for us little more than a phonebook with pictures. And, with the closing of the Facebook era, we will lose memories from our student experiences. Like it or not, many important social interactions do take place on Facebook—memories are encapsulated in tagged photos confined to the low resolution of Facebook albums, groups and events keep us connected to larger organizations, and who doesn’t love...
...don’t have to lose these memories. Email is as effective as wall posts, Gchat is way better than Facebook chat, and Picasa is a great way to share photos that don’t lose pixels when you upload them. And all of these are more private than gone-public Facebook. It’s not as if we have much of a choice anyway—parents and privacy may begin with the same letter, but that’s about where the similarities...
...industry. Rattner can tell management and bondholders what they have to live with. Over the course of the past three months, he has come to believe that the bondholders, who have thus far balked at taking GM stock for much of their debt, made a bad investment and should lose all their money, says one person familiar with the President's auto task force. Rattner also took the point in ousting GM chief Rick Wagoner over the weekend. Bloom, for his part, has taken day-to-day leadership in talks between Chrysler and Italian automaker Fiat. His union bona fides...