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...company, which has been the world's premier insurance firm posted greater and greater losses on its derivative investments, the board pushed out Martin Sullivan in favor of Robert Willumstad in June 2008. Willumstad was clearly at least partially responsible for the trouble at AIG since he was the non-executive chairman before being made CEO. He made a further mess of the AIG problems because he was slow to address them and was himself fired in September. His replacement, who holds the job now, is Edward Liddy, former head of Allstate. Liddy's most notable accomplishment since moving into...
...Harvard men’s lacrosse team over Holy Cross, 11-4. Mired in a three game losing streak with defeats to a trio of nationally ranked Ivy opponents, the Crimson (6-5, 1-3 Ivy) squared off against the Crusaders (3-11, 0-6 Patriot) in a non-league matchup. After a slow start, the Harvard attack struck early and often to stop its losing ways. “I thought the guys played hard,” Harvard coach John Tillman said. “[We] didn’t always execute, play very smart or efficiently...
...employees. But despite the current relevance of that position, he has not yet carved a distinct niche for himself on the Council.UNIVERSITY RELATIONSWard said that he would like to see less adversarial relationships between Cambridge and universities such as Harvard and MIT—ones that focus on the non-monetary resources the universities provide the city.“A lot of value is added to the city from [Harvard], but often times, that is overshadowed by the fact that it is not tax-based,” Ward said.In March, City Councillor Marjorie C. Decker proposed granting Harvard...
However, this latest battle for the Bekaa will probably be inconclusive. Stronger nations than Lebanon have failed to win their own wars on drugs. Nevertheless, it is a remarkable example of some of the changes that have been taking place in Lebanon ever since a new batch of non-partisan technocratic leaders took power last spring. Chosen as temporary compromise candidates to solve a political crisis that was turning violent, they are nevertheless proving remarkably active in trying to change Lebanon's culture of lawlessness. Instead of choosing sides in the great questions that have torn apart Lebanon...
...governor, Riad Salame, who banned the exotic financial instruments and over-leveraged practices that became common in the rest of the world. While Salame took office before President Suleiman came to power, the validation of his banking policies are adding further shine to the reputations of the country's non-partisan officials. Suddenly, Lebanon feels like an island of stability in a world upside down...