Word: steps
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Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan-modification effort has not been very successful to this point in time," he says. However, he believes that only a small fraction of troubled homeowners will qualify for the program. "It will probably help some additional portion of the public, but I'm not sure it's enough to make...
...occur in a systematic and controlled manner. Resolution authority, the ability for the executive branch to unwind failing institutions in a speedy and contained manner, funded by a bank tax that would facilitate this process, is included in both the House and Senate bills, and is a good step in this direction. Such a resolution authority must be developed in concert with international bodies, as the fallout from the failure of global financial institutions is far-reaching...
...time Breitbart entered the Brentwood School, an élite private academy, he was out of step with his classmates. "Andrew didn't fit the mold," says Larry Solov, a friend since childhood and now Breitbart's partner in the Big sites. "At Brentwood, you got A's and bought into a system set up to get you into an Ivy League college. Andrew got C's." Soon enough, Breitbart adopted the guise of skeptic and prankster, staging acts of subversion designed to win laughs and undermine the school's prevailing assumptions about wealth and meritocracy. It wouldn't be Harvard...
Faust intends to appoint Light’s successor by the end of the academic year, when he will step down after leading the school for five years, during which time he shepherded the Business School through last year’s budget cuts and the completion of a $600 million capital campaign...
Large classes and limited teacher-student interaction have long beleaguered Harvard’s largest concentration, and bringing back seminars is clearly a step in the right direction. Ideally, students will have greater opportunities to substantively connect with their peers and instructors, in a more intimate class environment. However, the number of seminars—which decreased relative to years past—and their relatively large size limit the benefits students can derive from such courses. Offering more seminars with smaller class sizes within the department should be a priority for the College...