Word: systemic
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Dates: during 2010-2019
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...interim Currier House Master appointee withdrew from the traditional House system. Cavallaro lived in Cabot House—then called South House—as a sophomore, but after that year, he fled the Radcliffe Quadrangle to be closer to his older sister, then-Adams resident Rosanna J. Cavallaro ’83. He eventually settled into an apartment on 65 Mt. Auburn Street...
...annual World Economic Forum meeting in Davos, Switzerland last January, admonishment for bankers on one hand and praise for President Obama on the other were abundant. European Central Bank President Jean-Claude Trichet applauded the Obama administration’s intervention in the U.S. banking system and blamed bankers for “generating the biggest financial crisis since the Great Depression...
However, responsibility for the global financial crisis cannot be blamed on bankers alone. The U.S. government and homeowners played an important part in the web of high leverage, high pricing of assets, and greed that entangled the American financial system. Much of the controversy surrounding the question of who to blame arises from the objective of proportionally allocating the appropriate blame to the appropriate party...
...those who doubt America’s leadership, its political system, or its economy, there is one fact that is not up for debate: Americans are charitable people. Even during the worst economic climate since the Great Depression, U.S. chartable giving exceeded 300 billion dollars. We have seen this charitable spirit at Harvard; following the 7.0 earthquake that has devastated Haiti, Harvard students, in cooperation with the Office of the President, Harvard College Dean’s Office, and the Office of Fine Arts, established Harvard for Haiti, an organization which has raised just over 23,000 dollars...
Part of Rafsanjani's effectiveness is the system's inability to marginalize or radicalize him. Nevertheless, the past several months have been trying ones for the 75-year-old, one of the richest men in the country and one of the Islamic Republic's most powerful players since its inception 31 years ago. He and his family vocally opposed the re-election of Ahmadinejad. His daughter Faezeh has spent time in jail; his son Mehdi, who is currently outside of Iran, will potentially be subject to arrest if he returns. Rafsanjani, who was President of Iran for two terms ending...