Word: writes
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Dates: during 2000-2009
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Harvard students are codependent on authority: We need authorities to underwrite our internships, write our recommendations, and evaluate our comp performance. An ambitious sociologist might even make the argument that Harvard students, so desperate to be in a position of power someday, are less than eager to constrain power’s reach today. Now, some students have proven far too eager to defend aspects of the administration’s proposals for economizing Harvard’s budget against student activists, who have allegedly engaged in what one writer on this page deemed “hyperbole, rudeness...
...telling them that the entire purpose of the tests was "to examine aging effects on memory." That statement was designed to prime the participants' worry that their advanced age would affect their performance. To emphasize the issue of elderliness, the researchers also asked this group of participants to write down their age before beginning the tests...
...contrast, participants in the control group were told that the tests had been constructed to correct for any biases that might be associated with age, a white lie imparted to damp down stereotype threat. These participants weren't asked to write down their...
...compared to the same period a year ago. Bloomberg, reports that "about $500 billion of prime-jumbo mortgages are bundled into bonds, according to Memphis, Tennessee-based FTN Financial." The default rate on those bonds may rise as high as 10%, leaving banks with yet another set of substantial write-offs...
...points to the recent IMF report that estimated $2.7 trillion in U.S. loan and security losses, and his own estimate of $3.6 trillion for the same potential losses. "The financial system is currently near insolvency," he concluded. Bernanke disputes the numbers, saying banks have "taken significant write-downs, they have reserves and there are substantial earning capacities." But Roubini is not alone in questioning whether the government used appropriately pessimistic assumptions in conducting the stress tests, especially as the financial sector faces a potential flood of commercial real estate losses that could mirror the residential market's recent woes...