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...Instead, the banks went out and raised capital from private sources, including $65 billion in a matter of weeks. On June 2, Bank of America announced that it had raised $33 billion of the $33.9 billion the feds were requiring it to. JPMorgan announced new plans to sell stock. Part of the motivation for the banks is to get out from under government constraints - Congress has passed strict limits on executive salaries, bonuses and other benefits bankers love to love...

Author: /time Magazine | Title: The Bank Rescue Plan Is in Limbo. Is This Good News? | 6/3/2009 | See Source »

...answer as an opportunity for professors—particularly those in the working groups—to propose “innovative” solutions for the remaining $143 million deficit. When asked to explain the growth of the administration in the past few years, Smith reverts to stock optimism: “I’m a very forward-looking person,” he says. When asked to comment on budget plans that could impact a particular group of people, Smith responds by simply affirming his commitment to supporting them...

Author: By June Q. Wu and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Behind Closed Doors | 6/3/2009 | See Source »

...medical school policy will “closely align” with a new policy from Partners HealthCare, which owns two of Harvard’s largest affiliated hospitals. Partners chartered stringent regulations in April, imposing a blanket ban on gifts and forbidding administrators from having stock options in companies for which they hold board membership...

Author: By Laura G. Mirviss and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Curbing Conflict | 6/3/2009 | See Source »

...Zeidel says that contrary to media portrayals, Harvard has historically had one of the most stringent conflict of interest policies in the country, especially regarding access to stock options...

Author: By Laura G. Mirviss and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Curbing Conflict | 6/3/2009 | See Source »

...symptom of these flaws.” The Economics Department’s leadership—which similarly felt as though quantitative social science had been left out in the cold—stood with Mankiw in solidarity. According to several Gen Ed committee members, department chair James H. Stock and director of undergraduate studies Jeffrey A. Miron visited a Gen Ed committee meeting to argue that Ec10 still belonged in the “United States in the World” exactly as it was. According to former Gen Ed committee member Chase-Levenson, Stock seemed...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Gen Ed Forced To Get Practical | 6/3/2009 | See Source »

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