Word: presentism
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Three main lessons present themselves. First, our complex financial system is awfully fragile. Second, government action is capable of keeping a financial panic from snowballing into a complete economic disaster along the lines of the Great Depression. Third, the government has - in large part because of its success in averting disaster - found it difficult to take any actions that would make the financial system less fragile in the future. That would, apparently, be too much government intervention...
...would have loved to be present at the meeting where Harvard was deciding what to do with the extra cash it saved by cutting hot breakfast, closing one library, getting rid of paper course catalogues, and increasing tuition. My guess is that it went something like this: a Barry S. Kane-esque, satchel-wearing administrator with a title that includes either “associate,” “assistant,” or “coordinator” walked into a Holyoke Center office, and triumphantly slammed down a copy of Sky Mall, that useful catalogue...
...main under Plympton Street cracked early Sunday afternoon, causing gas to seep into Old Quincy and the building to be evacuated for several hours. The gas concentration was low enough to not constitute a serious fire danger, according to officials at the scene, and the gas company, NSTAR, was present and actively monitoring gas levels soon after the leak was identified. The gas began filtering into the building through cracks in its foundation during the early afternoon yesterday, according to Cambridge Fire Department Deputy Chief Francis E. Murphy III. Outside Quincy on Plympton Street, the smell of gas was palpable...
Hydrant testing may disturb the sediment that naturally occurs in the water piping system. Water from your faucets and toilet may appear rust colored from this disturbance. Rust discoloration may last for several hours after the tests have been completed. Discolored water does not usually present a health hazard, however; it is recommended that anyone who has doubts about the rust colored water should not drink it. If you do not have bottled water, you may wish to store tap water in your refrigerator for the day of the test...
...policy. “I feel honored, grateful, and humbled to be able to serve the country,” Sunstein wrote in an e-mailed statement to The Crimson on Saturday. The 57-40 Senate vote fell predictably along partisan lines, with all but five Democrats who were present for the vote and only four Republicans voting in favor of his nomination. Conservatives aired concerns about Sunstein’s public statements as an academic, particularly his comments in favor of granting some legal rights to animals. But the nomination also drew concerns from liberals who criticized Sunstein?...