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...when the likes of Goldman Sachs or JPMorgan Chase, which were well capitalized and well run, say they didn't really need TARP money in the first place, that's more or less accurate. However, that doesn't mean that Goldman, JPMorgan and every other bank in the country weren't bailed out. Had the world economy melted down and more giant institutions failed, even strong firms like Goldman would have gone under. In July, Goldman acknowledged this, more or less, when it graciously - yes, graciously - paid a full price of $1.1 billion to redeem stock-purchase warrants it gave...
...high because it sets aside half its profits for compensation (which includes salaries and benefits as well as bonuses.) Other firms have similar formulas. Well, excuse me. This isn't a normal time or a normal year. Just because you've done something in the past doesn't mean you have...
Does that mean income inequality in the U.S. is about to disappear? Probably not. In fact, over the past few decades it has accelerated - although a single generation is something of a blip for social scientists who are used to dealing with millennia. (See 10 big recession surprises...
Club Passim—a subterranean music venue on 47 Palmer Street, in the heart of Harvard Square—books new and established folk and acoustic acts nightly (and by that I mean every night, seven days a week). It has been a musical institution for over 50 years, since its start as Club 47 in 1958. The venue secured a place in America’s cultural history as an epicenter of the folk movement in the 60s, hosting legends like Joan Baez, like Joni Mitchell, like Tom Rush, Judy Collins, Suzanne Vega, and Bob Dylan...
There’s a distinct chill in the air and we Harvard students know this can only mean one thing: the dreaded Boston winter is on the way. At Eastern Mountain Sports, you can pick up North Faces, sweatshirts, and sweatpants galore, not to mention a Sigg water bottle to fit in with the “Green ‘13” movement sweeping campus—all for a hefty 15% discount with a college ID. Stop by and gear up for the winter months...