Word: williams
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...hard-to-sell assets, as it did early Thursday morning. But while the exigencies of the moment have led it to make longer-term investments in Bear Stearns and now AIG, it's widely agreed that this is bad policy. "The Fed is the guardian of the currency," says William Silber, a professor of finance and economics at New York University. "That's its job. Its job is not to subsidize people who made credit mistakes...
...saved all their life. They're now getting ridiculously low rates of 2% or so on their savings because the Federal Reserve has cut short-term rates in an attempt to goose the economy and reassure financial markets. Taxpayers are going to get stuck too. By the estimate of William Poole, former head of the St. Louis Fed, bailing out the creditors of the two big mortgage firms, Fannie Mae and Freddie Mac, could cost taxpayers $300 billion. Think of that as about a year and a half in Iraq...
...China Studies Professor William C. Kirby, who will co-teach Historical Study A-13: “China: Traditions and Transformations” this semester with colleague Peter K. Bol, was reluctant to ascribe attendance at his class—students filled the aisles at the first meeting—to this summer’s international sporting spectacle. But Kirby did not shy away from the subject while teaching—opening the class with 20 minutes of clips from the Olympics’ opening ceremonies...
...color in Klimt’s “Pear Tree” on the first, as well as Josiah Wedgwood’s 18th century English reproduction of the Portland Vase which is not only reminiscent of Greek red and black figure pottery, but also appears in William Michael Harnett’s “Still Life with Bric-a-Brac” along with a late 16th century Iranian torch stand also on display. The connections between works are endless and can be overwhelming if not explored leisurely. As the hyphen suggests, “Re-View?...
...Peterson in 1985 with a $400,000 balance sheet. As of June 30 of this year, Blackstone had a total of $119.4 billion of assets under management. Light will accompany Richard Jenrette, the founder of investment bank Donaldson, Lufkin & Jenrette; Brian Mulroney, the former prime minister of Canada; and William Parrett, the chief executive of the professional services firm Deloitte Touche Tohmatsu as one of four independent directors on the board. —Staff writer Prateek Kumar can be reached at kumar@fas.harvard.edu...