Word: otness
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...debt-fueled investment bubble bursts, financial institutions that make their living off borrowed money (banks, investment banks, hedge funds) tend to want to reduce their leverage - their ratio of debt to equity. That's perfectly rational. But when everybody does it at the same time, big trouble ensues. "[N]ot all leveraged lenders can shed assets and the associated debt at the same time without driving down asset prices, which has the paradoxical impact of increasing leverage by driving down lenders' net worth." Basically, if all lenders de-leverage at once, the financial system implodes - and everybody, not just...
...teams are trading fouls here in the final seconds. Harvard fouls Princeton's Noah Savage, who's six free throws have accounted for Princeton's only six of the OT. Harvard 72, Princeton...
FINAL SCORE: Harvard 74, Princeton 67, OT...
...OT...
...three straight non-winning seasons since Al Bagnoli took over as coach in 1992. But .500 is the best they can do this season after 5-5 efforts in '05 and '06. Penn has endured considerable bad luck (four overtime losses in its last 12 games, including a double-OT defeat at Princeton last season) and heartache in that span. Here’s wishing the team a win in front of the Philly faithful...