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Retail banks and investment banks have fundamentally different functions and thus different appetites for risk. Retail banks are low-risk ventures; their deposits are insured by the FDIC. Investment banking is more lucrative but involves greater risk. When these two businesses are placed under the same roof, the result is a severe conflict of interest...
...Faculty even grew during last year’s hiring freeze, though Smith said the increase was a result of employment offers that predated the school’s financial troubles...
Some departments are plagued with high student-faculty ratios that result in large class sizes and little interaction between students and professors. The economics department, for example, was forced to cut its junior seminars last year because it did not have enough faculty members to teach the courses...
Cambridge’s stake in folk music lore reaches all the way back to 1888, when the American Folklore Society was founded in Harvard Yard by Francis James Child, ballad collector and Harvard professor. His storied ballad collection, the result of a years-long literary search collaboration with folk song collectors in other countries, was a resource that singers such as Joan Baez, Tom Rush, and Eric Von Schmidt would later return to as a source of folk tradition...
Ranked 19th nationally on the penalty kill, the Crimson showed the result of a seasoned commitment to playing a man down, stopping UNH from scoring on its three power plays...