Word: perlis
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...been able to venture out into the market on their own, but the rates they are now paying investors - without government backing, that is - are significantly higher. Analyst Brad Hintz of Bernstein Research estimates that JPMorgan, one of the healthiest banks, will have to pay three percentage points more per year to borrow without the FDIC guarantee. That would boost the interest JPMorgan has to pay on five-year loans to 6%, from an FDIC-backed rate of 3%. For Goldman, the cost of borrowing could rise as much as five percentage points...
...seventh inning the 2-to-1 game had turned into a 9-to-1 game. I forget who was winning. It may have been the team of scrappy overachievers with nine players who make more than $13 million per year. The math I was interested in was $112. Impressive for a one-man eating band, but the Yankees were still making a killing on my ticket. Bloat was setting in, and as I stuffed three more bags of peanut M&Ms ($15) in my pockets on the way out, I felt a little depressed...
...dark cloud over regional banks is bad news for the FDIC, which provides deposit insurance, now to the level of $250,000 per account, at banks across the nation. At the end of last year, the FDIC had only $19 billion left to cover future failures. That's the lowest the FDIC's insurance fund has been in more than 15 years. As a result, on Friday the FDIC decided to raise the fee it charges large banks for deposit insurance. Also, President Obama recently agreed to allow the FDIC to borrow as much as $100 billion, up from...
...year-old program for students to discuss research opportunities with faculty over lunch will also be slashed. The peer advising fellows program will go virtually untouched, and there is no indication that the $1000 stipend for advisors will be cut. Funds allocated for study breaks—$20 per semester for every advisee—also are not mentioned. Last year, funding for PAF programming was cut by a third. Many PAFs have said that though their stipend is not being reduced, they would do the same work for free because the experience is so rewarding...
...upon and expand the strong foundation that Dr. Yannatos has established for the Harvard Radcliffe Orchestra over the past 45 years,” said current HRO president Eugene W. Lee ’09. In addition to his conducting responsibilities with HRO, Cortese will also teach one course per semester as a senior lecturer in the music department, according to department spokesperson Nancy Shafman. —Staff writer Monica S. Liu can be reached at msliu@fas.harvard.edu...