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...mid-2005, when the Canadian bank Toronto-Dominion got out of structured products, including CDOs and interest-rate derivatives, CEO Ed Clark was pilloried for leaving profit on the table. Clark, who has a Ph.D. in economics from Harvard, made the decision because he couldn't comprehend, to his satisfaction, the credit and equity products that were being traded at the firm. So he decided to quit the business--a move that kept his bank in the black while others suffered. "I'm an old-school banker," he later said. "I don't think you should do something...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

Alaska will also be staring down a budget crisis: crude oil slipped below $60 a barrel just before the election, and Alaska's budget balances only if oil is in the mid-$70 range or higher. The days of Palin's $1,200 bonus check to every Alaskan may be over, and if her popularity at home suffers, so does her national profile...

Author: /time Magazine | Title: How Far Will Sarah Palin Go? | 11/5/2008 | See Source »

...weeks ago around mid-semester, Kane said that the committee charged with drafting the new curriculum conducted a Web-based survey asking students for feedback. The results were mostly positive, as students indicated that they enjoyed the case-based discussions and the diversity of the material presented in the courses...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard School of Public Health Overhauls Curriculum | 11/5/2008 | See Source »

...pros with regularity; when players like Calvin Hill saw their collegiate careers end with The Game and then moved on to win NFL Rookie of the Year honors. Back to when the two school newspapers settled arguments as they should be settled—through a mid-morning football game. And so here I am presenting you with what has been in the back of my mind since reading about it last fall: we challenge you to a pre-Game football matchup. Now this may seem like it’s coming out of nowhere. Editors are often...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: MAD ABOUT YOU: Choice’s Yours, Daily News | 11/5/2008 | See Source »

...able to move forward.” Proposition 8 passed on Tuesday with 52 percent of the vote, ending almost five months of legal same-sex marriage in California that was ushered in by a May ruling by the state’s highest court. Since mid-June, over 11,000 people have tied the knot in California, surpassing the total number of same-sex weddings in Massachusetts, which became the first state to legalize same-sex marriage in 2004. Last year, the state legislature defeated a constitutional amendment in the Bay State, making it unlikely that the right will...

Author: By Charles A. Lacalle | Title: Students Criticize, Laud California Gay Marriage Ban | 11/5/2008 | See Source »

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