Word: mild
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...answer to the first question is no. Recapitalization needs will likely exceed what the current stress tests suggest since macroeconomic conditions are bound to be worse than the consensus anticipates, making the adverse scenario of the stress tests look mild. At this point in time, banks are still facing well over $1 trillion in losses over the next couple of years, even if low short-term interest rates make new loans very profitable. Moreover, according to RGE Monitor, real U.S. GDP growth will inch back into positive rates only toward the end of 2009 rather than at the beginning...
...student said that Mangawang had exhibited “a mild unspoken distaste” for Cabot students during her time as dean...
...yesterday, Cabot residents got a departure announcement from Resident Dean Mya Mangawang that rather broke the mold. And evidently the odd-sounding missive may have had a back story, with one student saying Mangawang exhibited “a mild unspoken distaste” for Cabot students. We're not sure we can do it justice with a summary, so check out the full text, after the jump...
...worse case of influenza does develop. One panic is expensive, but a second is a waste of money. Experts maintain that the difference of a few days could be the critical issue in the containment of influenza. If the public becomes complacent that the next epidemic will be mild and resists public health advice, then the economy really will face a disaster when a virulent influenza appears and spreads widely...
...banking system. In the meantime, the public has loved watching the tension of big companies pitted against big government. Rich and famous bankers have been ridiculed in public. Some have lost their jobs. Hank Paulson, a well-built former Dartmouth football player and former head of Goldman Sachs and mild-mannered Ben Bernanke have been accused of manipulating a major decision by a public company, Bank of America's (BAC) decision about whether it should by Merrill Lynch, overriding the normal and legal corporate governance system. Put more simply, they broke a law in the name of saving the national...