Word: musts
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Basic macroeconomics teaches that fiscal and monetary policy are related; therefore, governments and central banks must sometimes be able to take wide-ranging action on both during crises. As George Soros wrote in the Financial Times on Monday, “When the financial system is in danger of collapsing, the central bank can provide liquidity, but only a Treasury can deal with problems of solvency.” Europe is now experiencing an unfortunate situation where member countries can create unsustainable deficits or be home to failing financial systems and for this reason place the entire economic system...
...major step the EU must take is to develop more political and fiscal integration. The optimal economic solution would be a fully integrated fiscal system in which a central European government made decisions in a structure similar to the U.S. Thus, monetary and fiscal policy would be coordinated on the same scope, and Europeans would not have to worry about a single member state bringing down the entire economy, just as no one worries about California’s fiscal problems hurting the stability of the dollar. European countries, accustomed to full sovereignty, are used to full independence, and therefore...
While each track will eventually have its own selection of courses, as of now, students do not need to declare a particular track within the field. However, all students interested in pursuing an Ethnic Studies Secondary must take one of five “portal courses” as an introduction. The Committee on Ethnic Studies hopes that portal courses will help to unify the diverse range of topics within the field by providing an overview of the history of ethnic conflict, human rights, and other issues of ethnicity...
Those in charge of designing and overseeing the online study guide library must be careful as well. The public and official status of the project introduces a plethora of potentially sticky issues related to intellectual property. Students who create study guides often lose control over what happens to their work once it is shared with others and may not want it posted online. Some study guides that get circulated around campus were created several years ago, and their authors might have concerns about their ideas becoming public. Moreover, because study guides are not official academic documents, they may be cobbled...
...every great season has its end, and Harvard must get past Princeton to continue in the ECAC playoffs and hopefully on to the NCAA Tournament. But the Tigers aren’t going to make it easy for them...