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...bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth of new CDs and looking at other banks it might buy. "It's really changing the landscape," says Timothy Koch, a professor of banking and finance at the University of South Carolina...
...long had its way with us, may at last have met its pharmaceutical match. Two breakthrough papers published early Monday morning in the New England Journal of Medicine report the success of a pair of new vaccines tested in groups of children in Africa. That could open the door to sweeping trials of the vaccines in seven African nations by early 2009 and a completed formulation ready for approval by 2011. "We are," says Dr. Christian Loucq, director of the PATH Malaria Vaccine Initiative, "one step closer to the day when malaria will join diseases like smallpox and polio." (Read...
...fact, Waite suggests that Allston residents may be more open to the less intrusive development project...
...Harvard Union of Clerical and Technical Workers, which represents staff at the Medical School and other University divisions, published an open letter last week arguing that labor cuts should be a last resort and that each school should trim its consulting, travel, and catering budgets first...
...Georgia Invitational] showed us that we have a lot of work ahead of us,” Guernsey said. “We realized it’s time to step it up and what actually needs to be done to achieve that.” BIG AL OPEN The Crimson divers returned from Princeton this past weekend, bringing home an eighth-place finish at the Big Al Invitational. Harvard was led by sophomore Zac Ranta, who captured sixth in the 3-meter dive with a score of 256.6 points. Freshman Taylor Nickel also had a standout performance, securing...