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...policies with AAA-rated insurers to cover the value of the assets for the life of the lease. Should the insurer lose its top rating, the Germans would have to either find another insurer or, in the worst case, provide additional collateral to guarantee the assets. It was a scenario that no one expected could emerge - until the financial crisis...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

...Eastern European economies are the same. If we consider the Czech Republic, Poland, and Hungary, it becomes clear that the last has taken much more debt from foreign markets—in a way that may have been problematic even without a global economic crisis. But, in the current scenario, investors that had previously been attracted to the generous interest rates of the region have fled as fast as possible. And very few remain, making it very hard for these countries to roll over debt or put in place counter-cyclical measures to ease the effects of the global crisis...

Author: By Pierpaolo Barbieri | Title: Joining Euro(pe) | 4/9/2009 | See Source »

...residents is essential. No student should feel as if they cannot partake in the benefits of the House system because of the unlucky timing of their college years. Housing renewal should not come at the expense of a satisfactory living experience for such students. In order to avoid this scenario, swing space could contain special amenities, as has been the case at other schools, in order to improve the lot of those having their Houses renovated...

Author: By The Crimson Staff | Title: Housing Futures Look Up | 4/7/2009 | See Source »

...sports, there are two types of losses. The first scenario involves the outright defeat—a game in which an insurmountable distance lies between a team and victory. In the second type, only a few plays decide which team takes home the W and which is just a viable competitor.On Saturday, the Harvard women’s water polo team experienced both types of defeat.The Crimson (9-11, 2-3 CWPA) dropped a 16-6 loss to No. 12 Hartwick (23-11, 5-1) early Saturday afternoon. Hours later, Harvard’s matchup with Brown...

Author: By Emmett Kistler, CRIMSON STAFF WRITER | Title: Crimson Wins Two, Drops Two in Full Slate | 4/5/2009 | See Source »

...said in a note to clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment and dividends and hunkering down," he wrote in an e-mail. "They are preparing for a depression and the eclipse of American leadership...

Author: /time Magazine | Title: Unemployment Rise Shows Recession Far from Over | 4/3/2009 | See Source »

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