Word: threshold
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Importantly, SWIFTs are not banks; they are more akin to private investment pools, like hedge funds or private equity firms. Moreover, they have universally opted to keep their assets below the $100 billion “Too Big to Fail” threshold that regulators use to classify any financial institution as systemically significant and hence subject to added supervision. Given these two facts, SWIFTs have not been subject to the strict capital and liquidity requirements imposed on banks in wake of the global financial crisis of 2007-2010. In the meantime, the major banks, unable to compete with...
Today’s single-semester Expos 10—recommended for students who fall below a certain threshold on the freshman writing test—is a bare bones course without specialized topics, and specifies that students who enroll must also take a Expos 20 the following semester...
...shoulder the majority of the burden of the conflict in Afghanistan as NATO’s contribution dwindles. Radical Islamist terrorism has cost thousands of American lives and is gestating in ungoverned territories in South Asia, Yemen, Somalia, and North Africa. A bellicose Iran is approaching the nuclear threshold. Pirates range across the Indian Ocean. Across our own southern border, the Mexican government is struggling with sophisticated organized crime cartels over the control of significant portions of northern Mexico—a struggle that could spill into the United States...
Many will argue that it’s the bombardment of injustices we face when we cross the threshold into the servery. It’s finding out that the menu lied to us. It’s having carbohydrates and nothing else shoved down our throats at brain break. It’s the squash. Ultimately, whether it’s having hot breakfast torn from our fingers or the near-mutiny resulting from the removal of Korean barbeque, Harvard University Dining Services perhaps is the most heinous agent of them...
During the course of the past year, Widener also came to be the temple of my thesis. The ritual of writing always began with a visit to the replica of Harry Elkins’s home reading room between the first and second floors. As I would cross the threshold of the marble antechamber, I breathed deeply that distinct change in smell, the sweetness evocative of aged pages, and felt the cooler, quieter atmosphere envelope me. In that life’s heart of the library, there the Gutenberg would light up before me, there Harry’s portrait...