Word: richarde
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Dates: during 2000-2009
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...criticize the details of the U.S. response to the collapse of credit markets, but in comparison to Tokyo, Washington has acted at warp speed. As Japan watcher Richard Katz points out in the latest Foreign Affairs, it took the Bank of Japan nine years to bring the interest rate that banks pay on overnight money to 0%; the U.S. Fed managed that in 16 months following the beginning of the credit crisis in the summer of 2007. Japan - in desperate denial about the plight of proud companies - long delayed using public money to recapitalize banks. The U.S. starting doing...
...loans - and to pursue borrowers cast aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing for deposits," says Richard Sylla, an economist at New York University's Stern School of Business. "There's a profit opportunity there." Odd as it may sound, it's a great time to start a bank...
...Richard Stengel, MANAGING EDITOR
...same time, fellows are able to contribute the perspective of someone who has real, on the ground experience dealing with the issues that come up in class discussion. For example, in a seminar taught by Richard L. Morningstar ’67 and Karl Kaiser, the professors asked Hansen to outline U.S. involvement in Afghanistan and “debunk some of the common myths and perceptions,” says Hansen...
...individual had a previous trespass warning for all Harvard University property. Officers placed the individual under arrest. The individual was searched and found to be in possession of marijuana. The trespasser, fifty-seven-year old Richard Wilson of Dorchester, MA, was charged with a Class D Possession with Intent to Distribute and Trespassing...