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...good growth stock with a good model." Its approach: a limited branch network meant savings chipped in by its own customers amounted to a smaller chunk of the funds it could lend in the form of mortgages. So the company turned instead to other banks for cash. The result: three-quarters of its funds were borrowed from the wholesale credit markets, versus around half at rival mortgage bank Alliance & Leicester and 25% at Bradford & Bingley. "For years," says Wheeldon, "they made the wholesale markets work for them...

Author: /time Magazine | Title: Rock Bottom | 9/20/2007 | See Source »

...Each school is typically in charge of raising its own funds for financial aid—part of Harvard’s “every tub on its own bottom” philosophy. As a result, schools whose graduates tend to go on to more lucrative careers have more robust financial aid programs...

Author: By Claire M. Guehenno and Laurence H. M. holland, CRIMSON STAFF WRITERSS | Title: Faust May Boost Aid to Graduate Students | 9/19/2007 | See Source »

...direction; instead it has left us adrift. This reservation is not, however, unwarranted. General Education remains so underdeveloped that at this point, it would be impossible to guide students into the system. This is hardly surprising to us; the imperative to satisfy each micro-constituency in the Faculty could result in little more than a muddled and insipid rehash of the old Core. The College missed a crucial opportunity to flesh out and develop the General Education curriculum over the past four months, a move that would have benefited the entire student body and especially the Class of 2011. Perhaps...

Author: By The Crimson Staff | Title: Whither the Faculty’s Passion? | 9/19/2007 | See Source »

...silence - or so they say). These days, mock outrage is used by every side of every dispute. It's fair enough to criticize something your opponent said while secretly thanking your lucky stars that he said it. The fuss over this MoveOn.org ad is something else: it is the result of a desperate scavenging for umbrage material. When so many people are clamoring for a chance to swoon that they each have to take a number and when the landscape is so littered with folks lying prostrate and pretending to be dead that it starts to look like...

Author: /time Magazine | Title: Getting Outraged Over MoveOn | 9/19/2007 | See Source »

...implementation of key economic and social reforms. With all of Sunday's votes counted, final returns late Monday showed Karamanlis, who swept to power in 2004 as Greece's youngest prime minister, won about 42% of the poll against 38.9% by the rival Panhellenic Socialist Movement, or PASOK. The result was as much a personal victory for Karamanlis, who took office four years ago without ever serving a government post, as it was a blow for PASOK leader George Papandreou, whose party was left in disarray after its worst showing in 30 years...

Author: /time Magazine | Title: Greek PM Faces New Challenges | 9/18/2007 | See Source »

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