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...believe it," he said. "We have a lot of safeguards built into the system that did not exist in 1929 and 1930." None of them, though, are directly targeted at CDS. On Wall Street, innovators are always ahead of regulators. And that can sometimes have a very steep price...

Author: /time Magazine | Title: Credit Default Swaps: The Next Crisis? | 3/17/2008 | See Source »

...copy of Windows to either companies or customers; instead, it merely licenses the rights to its software on a per-client basis. With its planned termination of new license sales, Microsoft is essentially forcing its customers into upgrading either their hardware or software. Given Vista’s particularly steep hardware requirements—according to The New York Times, only about six percent of business computers will be able to run it—this transition should have been delayed as long as possible. Instead, this new policy will only increase public resentment of Microsoft...

Author: By Eugene Kim | Title: Don’t Pull the Plug | 3/16/2008 | See Source »

...touted as a potential presidential candidate, Spitzer must try to repair a career in tatters. "I go forward with the belief, as others have said, that as human beings, our greatest glory consists not of never falling, but rising each time we fall," Spitzer said. He has a long, steep climb ahead of him. "I assume he'll go into the real estate industry, which his father is involved with, banking, or the practice of law," says Koch. His degree makes a return to private law practice enticing, though disbarment is a "real issue," says Burstein. A conviction...

Author: /time Magazine | Title: The Perilous Future of Eliot Spitzer | 3/12/2008 | See Source »

...what the doctor ordered.If the position of dean of the College is indeed to receive a much-needed infusion of authority and autonomy—which we hope is the case—then Hammonds is the ideal candidate to occupy this role. The learning curve before her is steep, but considering the challenges facing the undergraduate community, the College stands to benefit enormously from her demonstrated ability to spearhead progress within the context of the entire University, not just the Faculty of Arts and Sciences or the College. She has already recognized two major issues that will demand...

Author: By The Crimson Staff, CRIMSON STAFF WRITER | Title: New Dean, New Era? | 3/5/2008 | See Source »

...recruited to field a team (last season’s roster exceeded 100 players), form a set of strains on the university system to which no other sport compares. Coupled with the additional time that student-athletes will be diverted from their studies, these disadvantages are simply too steep a price to pay for postseason glory. The persistent cancerous affects of the money and power that accompany big time athletics at American universities are ever-present. Within the past two weeks, scandals involving recruiting conduct at Indiana University and $300,000 in illicit gifts allegedly received by 2005 Heisman Trophy...

Author: By Ronald K. Kamdem and Max J Kornblith | Title: A Legacy to Uphold | 3/3/2008 | See Source »

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