Word: periodical
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This time of year is a busy time for most Harvard students as the year comes to a close. For members of the Crimson’s women’s golf team, the weeks leading up to the end of the semester period are no different. With especially full schedules after missing school during their recent victory at the Ivy League Championships, the Harvard female golfers found time to practice a bit harder to come by recently than they probably would have liked. The busy academic workload and limited practice time caught up to the team this past weekend...
...with the Pakistani government, for example, in which arms are provided for the purpose of combating the Taliban with the expectation that they will be returned—any international effort is bound to have significant costs. Illogical though it may seem to give foreign aid during a recession period, though, Americans should be prepared to contribute significant funds to Pakistan. Destroying the Taliban is an expensive investment now, but will yield large dividends in safety and stability in South Asia. Stability in the region benefits us by lessening the influence and power of extremist groups that are ardently anti...
...paradox in all this is that the less market-oriented solution might ultimately be the most efficient and market friendly. Taking over troubled financial institutions for a short period of time and separating the bad part of their business from the good part of their business - cleaning them up - will likely arouse investors' interest and reduce uncertainty enough to attract capital...
...rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the jumbo-mortgage limit, rose 127% in the first ten weeks of this year compared to the same period a year ago. Bloomberg, reports that "about $500 billion of prime-jumbo mortgages are bundled into bonds, according to Memphis, Tennessee-based FTN Financial." The default rate on those bonds may rise as high as 10%, leaving banks with yet another set of substantial write-offs...
News of the latest incident came not long after NATO announced a significant reduction in conflict-related civilians deaths over the first quarter of this year versus the same period in 2007. Gen. Richard Blanchette, the coaltion spokesman, said this was a function of stricter protocols. Since last summer, he explained, the decision-making process down the chain of command has been "reviewed numerous times" to minimize risk to civilians, resulting in more operations cancelled. "But," he pointed out, "you never hear news reports of an airstrike not taking place...