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These losses were the first in the history of the SWIFTS, and they had a powerful effect. Creditors of other SWIFTs, awakened to the risks involved, began to refuse to roll over short-term loans. This has led to further liquidations, bigger fire-sale discounts, and a cascading effect. To date, over 50 SWIFTs, representing over $700 billion in assets, have failed. Yesterday, it was reported that Berkshire-Hathaway was in discussions to acquire Magna-SWIFT’s wind-farm assets for 30 cents on the dollar...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

After beginning the season 0-9, Harvard went on a roll, winning five of its next eight matches to put itself in contention not only for a place in the EIVA playoffs, but also for the top spot in the division standings...

Author: By Martin Kessler, CRIMSON STAFF WRITER | Title: SEASON RECAP: Injuries Plague Volleyball Program | 5/27/2010 | See Source »

Starting in the fall, we welcomed the University’s extension of its efforts to “go green.” Harvard received a top spot on the Princeton Review’s 2010 Green Rating Honor Roll, proving that the school is making good on its promise that green is the new crimson. Commendable measures that the University undertook this year involve installing solar trash compactors around campus, including compostable materials at the popular Fly-By eatery in the basement of Memorial Hall, and encouraging students to recycle, leading to a high 55 percent campus-wide...

Author: By The Crimson Staff | Title: Necessary Compromise | 5/27/2010 | See Source »

...incommunicado” in the event of a fire—or waiting for your TF to do the same, now that there is no room in the budget for the elderly. It could be seeing your linkmate’s eyes go wide and head roll back when the swiper in your House’s dining hall enforces interhouse restrictions...

Author: By James A. Mcfadden | Title: First-World Problems: Navigating our Struggles | 5/26/2010 | See Source »

...must endure such injustices on the regular. Always struggling, we sigh, we roll our eyes in disgust, and we speak aloud to any who will listen about the real mistreatments that seem like a barrage of death sentences...

Author: By James A. Mcfadden | Title: First-World Problems: Navigating our Struggles | 5/26/2010 | See Source »

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