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...prepared statement, Treasury Secretary N. Gregory Mankiw urged investors to remain calm. Secretary Mankiw also noted the strong balance-sheet positions of the nation’s leading commercial banks, including Citigroup, J.P. Morgan, Goldman Sachs, and Bank of America. None of these banks have participated materially in the wind-farm boom of the past several years, and all maintain equity capital levels well in excess of the minimum regulatory requirement of 15 percent...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

Thus far, consumers and non-energy-related businesses have not felt much of a credit pinch. Yet, analysts warn that, in spite of the strong position of the banks, a powerful credit crunch is inevitable. “This is going to be worse than 2008,” said Nouriel Roubini of NYU. “Sure, the banks look healthy now. They have been well-regulated and very prudent. But somebody is going to have to buy up trillions of dollars of these liquidated wind-farm assets. The huge discounts will make it impossible for the big banks...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...Crimson’s pitchers, touted as one of the team’s biggest strengths at the beginning of the season, proved their skill early and produced strong, if not consistent, defensive numbers...

Author: By Madeleine Smith, CRIMSON STAFF WRITER | Title: SEASON RECAP: Crimson Splits Every Ivy Weekend, Misses ILCS | 5/27/2010 | See Source »

Underclassman pitchers such as freshmen Andrew Ferreira and Joey Novak and sophomores Connor Hulse, Will Keuper, Jonah Klees, and Marcus Way all had strong appearances on the mound as well...

Author: By Madeleine Smith, CRIMSON STAFF WRITER | Title: SEASON RECAP: Crimson Splits Every Ivy Weekend, Misses ILCS | 5/27/2010 | See Source »

...past few years, Harvard has demonstrated a strong commitment to undergraduate research by increasing support for students who want to work in the lab or the field. Improved efforts in science advising have helped smooth the way for students seeking research experience. There is increasing fellowship support available to students doing summer research projects both here and abroad. For example, four years ago, Harvard established The Program for Research in Science and Engineering, a residential program open to all Harvard undergraduates conducting summer research in the natural sciences. The PRISE Fellows now have the opportunity not only to engage...

Author: By Ann B. Georgi | Title: Undergraduate Research in the Sciences at Harvard | 5/26/2010 | See Source »

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