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...unprecedented reversal following allegations of fraud and vote-tampering, the Undergraduate Council Election Commission decided to “de-certify” the results of the presidential election released today, pending further notice...
...inventiveness of the program, Higginbotham feels that the African and African American department is simply going back to its roots. “We feel like we are fulfilling a mission that was inherent to the whole call for African American and African studies as we see it today. We feel that we are...living up to a mission that was part of our founding call...” The student protestors of the ’60s and ’70s did not just want to learn about the black contribution to the world and American society; they...
...attempt to do too much at once. Consider the case of Citigroup, the product of Citibank’s historic 1998 merger with Travelers, an insurance company. The one-time “financial supermarket” was exposed as a bloated, mismanaged basket case by the financial crisis. Today, Citigroup is selling many of its investment and insurance divisions in an effort to reach a more manageable size and return to profitability...
...argued that institutions deemed “too big to fail” operate under an implicit subsidy from the government, since they would likely be rescued in a future financial emergency. This allows these banks to borrow more cheaply than their competitors and gain even greater market share. Today, four conglomerate banks (JPMorgan, Citigroup, Wells Fargo, and Bank of America) hold 39 percent of all domestic deposits. Placing this many eggs in four baskets will harm the entire economy should one mega-bank falter in a future downturn...
...oldest existing Harvard Club was founded in Chicago as a social club where Harvard alumni could get together and retain their ties to the hallowed halls of their alma mater. Today, they exist for much the same purpose...