Word: meltdown
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...monitors sitting atop her desk, and a comfortable view of Boston Harbor.But beneath her unobtrusive exterior, Mendillo, CEO of Harvard Management Company, harbors a wealth of investment knowledge. She commands the respect of colleagues at Harvard and elsewhere, who laud her unceasing composure during a sudden and unanticipated financial meltdown, her decisiveness under time constraints, and her focus on long-term investment success. “Truly, of all the people I’ve ever run across in the investment world, she was the most impressive,” says Andrew B. Evans, treasurer and vice president for finance...
...outraged at all of this. Congress is being asked to step forward and make up for the sins of others, and no one is accountable." -Calling for a criminal investigation of Wall Street's economic meltdown (The Plattsburgh Press-Republican, October...
...Adam Smith, founder of free market economics, might query his own writings from The Wealth of Nations regarding government intervention in capitalism. When asked by the waiter for his order, the eccentric Smith replies with a knowing smile: perseverance. But it is plausible that the confusion of our economic meltdown would lead to restless nights for the absent-minded professor from Scotland...
...funding initiative for undergraduates was welcomed by the student body, and hints of budget cuts were still far off on the horizon. Economists noted that college towns and campuses are often the most insulated areas during tough economic climates, but it did not take long for the Wall Street meltdown to make its presence felt at Harvard. In early December, President Drew G. Faust wrote an email to the Harvard community hinting at the University’s financial woes. The revealed endowment loss was large, a full 22 percent down. With no major cuts yet made, we declared...
...believed—and still do—that Obama’s plans to address the economy, health care, energy, foreign policy, education, and more are all improvements for a broken system. We were encouraged by Obama’s response to our nation’s economic meltdown, and believed that his ideas for a stimulus were simultaneously pragmatic and beneficial. In a world plagued by threats of terrorism and war, Obama brings to the table a diplomatic approach that we wish more leaders would employ. The theme of Obama’s campaign...