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...beautiful while it lasted: Impressive growth rates, speedy development, and a strong and diversified financial services industry put miniscule Iceland on the economic map. But it wouldn’t last forever. In the past month, all three major Icelandic banks have been effectively nationalized, the stock market has crashed, and the International Monetary Fund (IMF) has been called in to calm international investors and prevent the country’s bankruptcy. As the global financial crisis claims its first sovereign victim, it is important to understand that every party involved would have benefited from more coordinated international regulation...

Author: By Pierpaolo Barbieri | Title: Gone With the (Arctic) Wind | 10/29/2008 | See Source »

...ensure that the only work you will be doing at McKinsey is janitorial. Not to fear, FM is here with some actual (read: made-up) cases from real (read: make-believe) interviews to help you prepare to wow that hot interviewer from Bain. Case 1 You are advising a major American insurance company headquartered in New York City. This company’s credit rating was recently downgraded because its London unit sold credit default swaps on collaterized debt obligations that lost much of their value when sub-prime mortgages went south. In order to prevent the company?...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: How to Rock the Mock Case Interview, FM Style | 10/29/2008 | See Source »

...opportunity to write notes for the Western Wall, which Levy will deliver to the Jewish holy site when she goes to Israel this winter. Those present at the event included Harvard students from across the University, professors, Cambridge residents, and tourists, who cited the free snacks as a major draw. Allison E Rosenberg ’12 said that she was initially attracted by the food but that the event also allowed her to learn more about study abroad opportunities in Israel and Harvard’s pro-Israel community. Other organizations present at the event included the Israel Campus...

Author: By Liyun Jin, CONTRIBUTING WRITER | Title: Israeli Culture on Display at I-Fest | 10/29/2008 | See Source »

...enforcement officials are right, the Taliban might be hiding up to $3.2 billion worth of opium inside Afghanistan, potentially causing huge complications for NATO's decision this month to attack Afghanistan's opium laboratories and smuggling networks. If it exists, the drug stockpile would also have a major bearing on Afghan officials' tentative peace talks with the Taliban, which are favored by U.S. Central Command chief General David Petraeus and both U.S. presidential candidates...

Author: /time Magazine | Title: Is the Taliban Stockpiling Opium? And If So, Why? | 10/29/2008 | See Source »

...look at the record of the recent past, every case on national security, for example, has been divided 5-4. Abortion is up for grabs. Affirmative action and racial justice are [major] issues. The longest a president can serve is a tiny fraction of the [average Supreme Court justice's tenure]. The amount of power that the Supreme Court has is much greater, for better or for worse. We're one vote away from flip-flopping on the law of the land on issue after issue...

Author: /time Magazine | Title: Outgoing ACLU President Nadine Strossen | 10/28/2008 | See Source »

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