Word: systemic
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...Melton, a member of Cambridge’s Trinity College, says he prefers Harvard’s newer House system to the more formal Cambridge system, where students were required to wear full gowns in order to attend meals...
...financial meltdown dominated global conversation for months, it has recently faded into the background of political discourse. Through the Troubled Asset Relief Program, Federal Reserve Chairman Ben S. Bernanke ’75’s aggressive policies, and the Obama administration’s bold moves, the financial system has been resuscitated to a quasi-functional state, all to the negligence of the media and resultant ignorance of the general public...
Although increased liquidity and bank recapitalization have led to a much more sound and secure financial system, Obama has yet to publicize these developments, to his own detriment. Just a year ago, there were talks of a potential second Great Depression, but the aggressive actions taken by the Fed and Treasury Secretary Timothy Geithner have led financial analyst Richard Bove to conclude that “U.S. banks now have more capital as a percentage of assets than in any year since 1935.” Nevertheless, the perception remains that Washington is making all the wrong moves; critics...
...attempt to continue to strengthen Cambridge’s education system while also accounting for the fiscal constraint, the budget recommends reorganizing the central administration, including eliminating some administrative support jobs, such as the technical assistant specialist and the coordinator of cooperative education...
...school system also plans to cut a handful of teaching aides working in grades...