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...Housing sales and starts are down sharply, while shares in everything from homebuilders to banks to mortgage insurers have been massacred. Moreover, there's a deepening fear that U.S. consumers - a key driver of global economic growth - might dramatically pare back their spending in the wake of this assault upon their wealth and confidence. In a recent letter to shareholders, legendary U.S. money manager Bill Miller warned: "The difference between what is unfolding now and the Crash of '87, or the problems with Long-Term Capital Management in 1998, is that they were confined to Wall Street, whereas this issue...
...freshman for whom endless open houses and Annenberg ice cream are cold comfort in the face of a newfound anonymity amongst fellow lifelong standouts. Both departing Yankees great Alex Rodriguez and, by his own admission, UC President Ryan A. Petersen ’08 nearly cracked under such pressure upon first arriving. Only after these crises did each go on to distinguish himself. They illustrate the peril of newcomers facing an adjustment that the finest clubhouse amenities and undergraduate dorms, the best hitting coaches and teaching fellows, cannot alleviate...
...which have led to some considerable excesses which are going to have to be repaired. We’re going through that process right now.” Volcker expressed doubts about the strength of the US dollar. “A truly global financial and trade system depends upon a stable single currency. You can argue that the dollar has de facto provided that, but I think that what’s going on now raises some questions,” he said. He also offered a dig at current finance professionals. “Nobody knows what they?...
...have been training really hard,” Pangilinan said. “We brought our workout equipment to the meet. We practiced before.” Even though the team sustained a hard-fought win, there are some aspects that can still be improved upon. One is the squad’s cohesiveness, which is not yet fully formed. “We just have to work on coming more together as a team,” Pangilinan said. Harvard is set to swim another Ivy League meet on the road against Columbia next Saturday. The Lions will certainly...
...Dillon came off of the bench and gave us a big lift,” Kerr said. “He came in for Marcel [Perl], and he was sharp, he was fast, and he was ready to play.” The team will need to build upon this weekend’s performance when it takes on Yale (3-7-5, 1-2-2 Ivy) this Saturday. A win in New Haven would likely secure an at-large bid to the NCAA Tournament. “The team played mediocre,” Hoff said...