Word: scaling
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...stabilize the banking system and its $30 billion of fiscal stimulus and argues that stimulus spending must continue. Conservatives, however, propose swifter action to reduce Britain's borrowing. That view has been bolstered over recent weeks with the world's three biggest credit-rating agencies raising concerns that the scale of debt puts Britain at significant risk of default. That might seem to raise the mortifying prospect of another British Prime Minister going cap in hand to the IMF. Ironically, the IMF backs Labour's more cautious approach to deficit reduction, warning in February that stimulus packages needed...
...Germany could raise as much as $12 billion a year. Would that be enough to protect banks in the case of another meltdown? Of course, proper government and regulatory scrutiny can guard against a repeat of the recent crisis. But in the event of a disaster on a similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan, a banking analyst at MF Global in London. "The taxpayer is always going to be the backstop. So why not improve the situation today by paying down the fiscal deficit instead of pretending...
...music to many students’ ears. We too are extremely excited for Yardfest—a time for all Harvard students to gather together for an afternoon of tire swings, music, food, and fun. In fact, the College should channel more attention and resources toward creating other large-scale, inclusive social events that are similar to Yardfest...
...nature of Yardfest is quite different from most of the smaller club events that are located in common rooms or dining halls. The latter events, small-scale and exclusive by their nature, do little to foster school spirit. Yardfest has a proven ability to excite the student body and draw out a big audience: Around 7,100 students came out for Sara Bareilles and Ratatat last year, and about 7,000 showed up in 2008 for Wu-Tang Clan and Gavin DeGraw. With mainstream hip-hop artist Kid Cudi, known best for his hit song...
...addition to fostering school spirit that is otherwise lacking on campus, large-scale social activities offer a much-needed time to relieve stress and take a break from the daily grind of work and exams. The opportunity to see a famous artist will compel students to put down their work for an afternoon and enjoy a stress-free and fun concert. We are also glad that the event is held outdoors in the Yard—the opportunity to leave the dorms and hang out outside is undoubtedly good for students’ mental health...