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Until then the dollar carry trade is going to be a decidedly mixed blessing. Because the dollar is so cheaply available today it creates a source of global funding that grew dangerously scarce after the collapse of U.S. investment bank Lehman Brothers in mid-2008. That's the good news...
This week the FDIC came up with another solution, which it says will simultaneously boost the fund and not hurt bank earnings or deplete lending. How is it possible that the FDIC's gain will not be a loss to the banking system? It's all thanks to an accounting...
The problem with the FDIC's solution is it does nothing to keep its fund officially out of the red. That's because the same accounting that allows banks to hide the costs will prevent the FDIC from marking up its own assets. Just as the banks get to add...
Similar problems affect many Crimson athletes, who find it difficult to balance life beyond athletics. Fryhofer has begun this year with a compromise, giving herself a break from a cappella until the spring semester, when the competitive volleyball season will have ended.
Powell is declining to make any more statements until he has completed his October visit to Georgia Tech, the remaining member of his final trio of schools. Powell said that a decision would come likely after that.