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...these troubled loans, and once they hit the marketplace they could be valued much lower. Geithner's plan offers cheap loans to investors to try to entice them to pay handsomely for these loans, but investors are unlikely to pay full price or even close to it. So in order to sell the loans banks will have to recognize losses that could run as high as $200 billion for the sector in general. "The gap between bank marks on these distressed [loans] and their economic value appears to be too wide to be bridged," says Morgan Stanley analyst Richard Berner...
...profit groups. The Fund, which aims to foster neighborhood improvement, cultural enrichment, and educational programs in Allston, is part of the Allston Science Complex Cooperation Agreement. The agreement, signed in April of last year, stipulated that Harvard provide $25 million worth of community benefits to the neighborhood in order to proceed with construction of the complex. Kevin A. McCluskey ’76, Harvard’s director of community relations for Boston, said that the University looks forward to adding “this very positive element of our relationship to the work that we do with the neighborhood...
...effortlessly, so you have to be paying attention,” costume designer Rheeqrheeq A. Chainey ’11 said, who plays Belize, an ex-ex drag queen and nurse. “You slide from Brooklyn to Antarctica in one scene, for example.” In order to fully represent the fantastical elements of the plot, the sets were designed to be changed quickly. “Every scene is in a different place. We needed to decide what parts of the scene we were going to abstract at the set, what is it about the show...
...that the Class of 2013 currently has six functioning(ish) Facebook groups. Since those 13ers just can’t choose, Flyby sees it as our duty to help the Class of 2013 choose the one, true, official Class of 2013 group. Here are our four favorites ranked in order from If-you-join-this-group-your-a-newb to very-respectable-Facebook-showing...
...President Barack Obama recently decided to send 17,000 more soldiers to Afghanistan in the hopes of stopping the Taliban's momentum. But the limited reinforcements made available by the Europeans - and the restriction to noncombat roles in order to win the consent of Europe's mostly antiwar electorates - have raised questions about the purpose of the Alliance. "NATO lost its credibility when it refused to commit the resources needed," says Barkawi. After several appeals by then President George W. Bush for more combat troops from Europe failed to secure significant reinforcements, the Obama Administration has made clear that...