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...issue of toxic debt. "I am dying to see how the American model will work and whether private-sector incentives can actually sell the more difficult assets," she said skeptically. "But we can't dodge the issue because otherwise it will take far too long before the banks can return to their full strength...
...Weber, Germany would not create a central bad bank and it would not buy the toxic assets from the banks. Instead, German banks could split each bank into a good bank and a bad bank, allowing the banks to move the bad debt into their bad bank and in return receive fresh capital from the government for their good bank. The government remains skeptical of the plan but still has put no alternative suggestion on the table. The government wants to ensure that a bank's shareholders and not the taxpayer bear the brunt of any losses. "The previous shareholders...
...that time of year again: the birds are beginning to return to snowbound northern cities, the first buds of spring are sprouting on trees and hordes of college students are descending on the beaches of Mexico, the Caribbean and the southern U.S., turning them into twisted cesspools of sunburn, margaritas and wet T shirt contests. Ah, spring break...
...today’s tight funding climate. “It gives me the opportunity to pursue new directions and be creative in my science,” Wagers said. The other Harvard-affiliated grant recipients—Bernstein, Hochedlinger, and Wilson—did not return requests for comment for this article. Eggan was on vacation and could not be reached for comment. The new grants come at a time when scientists are most in need of support. After five years of flat funding from the National Institutes of Health—the largest source of money for academic...
...golden beach, soaking up the sun—could there be anything better than this?In the case of the Crimson men’s tennis team, yes—it is likely that Harvard would gladly trade the various charms of the West Coast for a return to full strength and winning ways, culminating in back-to-back Ivy League championships.With the start of the Ancient Eight fixtures only a week away, No. 68 Harvard (8-7) landed in the Golden State for its annual spring break tour. Four outdoor games and eight days later, as an injury-hampered...