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These losses were the first in the history of the SWIFTS, and they had a powerful effect. Creditors of other SWIFTs, awakened to the risks involved, began to refuse to roll over short-term loans. This has led to further liquidations, bigger fire-sale discounts, and a cascading effect. To date, over 50 SWIFTs, representing over $700 billion in assets, have failed. Yesterday, it was reported that Berkshire-Hathaway was in discussions to acquire Magna-SWIFT’s wind-farm assets for 30 cents on the dollar...

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

Though several faculty committees are still discussing preliminary ideas for curricular reform, Badaracco says that they may recommend allowing for more flexibility in the final term of the MBA program...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: A Brand Name MBA | 5/27/2010 | See Source »

...such a great time,” recalled Ortiz. “I knew it would be something long-term...

Author: By Clifford M. Marks, CRIMSON STAFF WRITER | Title: Wedding: Cristina Ortiz ’10 and Richard Carapezza | 5/27/2010 | See Source »

...Expository Writing Program is one of Harvard’s oldest traditions, dating back to 1872 when the College instated a single-term writing requirement for all its freshmen...

Author: By Rediet T. Abebe, CRIMSON STAFF WRITER | Title: Expos Revised: Addressing Varied Writing Skill Levels | 5/27/2010 | See Source »

...Expos,” has expanded to cover different subject areas, such as nature writing or poetry analysis, as well as higher level courses such as a public speaking practicum. Twenty-five years ago, the Faculty approved another expos course to supplement its standard one-term requirement in order to assist “freshman with severe writing problems,” a 1985 Crimson article reported...

Author: By Rediet T. Abebe, CRIMSON STAFF WRITER | Title: Expos Revised: Addressing Varied Writing Skill Levels | 5/27/2010 | See Source »

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