Word: marking
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...Europe fared no better during the initial hours of trading, with London's FTSE 100 at one point dropping 5.6% to its lowest mark since April, 2003. In Paris, France's CAC 40 plunged 5.4%, while Germany's Dax was down 3.3%. Things looked set to begin just as bad in New York, meanwhile, with Dow Jones futures trading 3.2% down, in line with Friday's drop...
...negative consequences, however, to this new round of intervention. As part of finalizing the details of the government's second stimulus package, Aso is also calling for changes to accounting rules, including a relaxation of capital adequacy requirements for banks and a suspension of the golden accounting rule of mark-to-market. Credit Suisse's Ina warns that fiddling with mark-to-market accounting (in which a bank's assets are assessed at market value) could have an affect on banks' financial earnings by "obscuring the realities." He warns that changing the current standard might "provide more room to manipulate...
...midwifery services. “What do you say about a public health entity that starts its cutbacks on women and the elderly?” said Joan D. Hill, a retired Harvard employee and one of the dozens of senior citizens who filled the audience during the meeting. Mark R. Finucane, a health science advisor who has been working with CHA said the Alliance would try to maintain its commitment to underprivileged populations by preserving the most utilized programs. Earlier this year, CHA hired Finucane and the firm Ernst and Young to create a strategic plan that would address...
...Freshman Mark Pollak lit up the leaderboard as the Harvard men’s golf team took third place at the Kelly Gutshall Invitational at Lehigh University. In the final tournament of the fall season, the Crimson, the only Ivy League school at the eight-team tournament, saw strong performances from young players despite miserable conditions on day one. Play was suspended on day one after thunderstorms rolled in over the par-72 Bethlehem course and continued into the night. “The course was an absolutely phenomenal course and well maintained,” Pollak said...
...beat Princeton was to stop its league-leading rushing attack, Harvard knew it had to get to Jordan Culbreath, the league’s leading individual rusher, and get to him early.But in week six, Culbreath picked up right where McGowan left off, obliterating the century mark with consistent big gains through enormous holes created by his offensive line. The back ran for 118 yards and two touchdowns in the first half alone—more than Harvard had given up to any rusher over the course of an entire game.“When we came out first half...