Word: stockely
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...much of the public reaction to the Treasury Department's plan to dislodge risky loans and poorly performing bonds from banks has been positive. After the plan was announced two weeks ago, the stock market produced one of its biggest rallies in months. At its core, the plan promises to offer cheap loans to investors to purchase bank loans on which borrowers are behind or at risk of default. The plan would put needed cash into the hands of the banks. And on the surface it looks like it could produce sizeable returns for investors, as well as a smaller...
According to Economics Department Chair James H. Stock, only the two visiting professors whose contracts were set before the economic crisis began will remain at Harvard next year. Visiting professors taught a dozen undergraduate and graduate courses this semester...
...Stock insisted that despite the changes, the department will still “be able to provide a complete offering of all substantive fields at all levels...
...Stock said that faculty had discussed offering two junior seminars in the next term, but ultimately concluded that it would be better to convert them to open-enrollment courses. These classes will be taught on similar course topics, but will not be restricted to the 16-student limit of junior seminars...
...working for had no background whatsoever to be working on those,” Mack says, adding that, to her knowledge, several of her colleagues were not licensed securities traders. “Sometimes the ways they handled even basic Black-Scholes models [widely used to price stock options] were puzzling...