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...that holds a broadly diversified portfolio of wind-farm assets. These assets generate revenues that are tightly linked to the price of electricity: When electricity prices are high, SWIFTs enjoy higher revenues. SWIFTs have become expert at using customized derivatives to offset the risks associated with these revenue fluctuations, yielding net earnings that, until recently, had appeared to be virtually risk-free. They then issue short-term debt backed by these stable earnings. A typical SWIFT finances 90 percent of its assets using overnight notes that yield only slightly more than Treasury bills...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...diminish our vibrancy or preclude new efforts to advance our mission. Next year will begin with a faculty projected to be slightly larger in size than in the past. The incoming graduate-student class will also be slightly larger than the last, and it boasts the highest admissions yield in recent history. Similarly, the yield in the College will exceed last year’s mark of 76 percent. The College and FAS continue to attract the world’s most outstanding faculty and students...

Author: By Michael D. Smith | Title: Planting Seeds of Greatness at FAS | 5/27/2010 | See Source »

...human rights abuses and unconscionable occupation of Tibet. We were also thrilled at his successful attempt to reach a pact with the Chinese on climate change, although we noted that the speeches offered by Obama and Chinese President Hu Jintao were little more than words until they yield actions. On the subject of China, we were also pleased by Google’s decision to pull out of the country to protest its censorship laws...

Author: By The Crimson Staff | Title: Rays of Hope | 5/27/2010 | See Source »

...research group. Taking part in regular group meetings or simply engaging in informal conversations with experienced researchers often leads to new ideas and insights in the practice of science. Moreover, having the uninterrupted time to conduct significant experiments and to collect, analyze, and discuss data is more likely to yield meaningful results. These results may eventually lead to a thesis or even a paper for publication in a peer-reviewed journal...

Author: By Ann B. Georgi | Title: Undergraduate Research in the Sciences at Harvard | 5/26/2010 | See Source »

Twenty-six students have announced their intention to defer admission for a year, and Harvard counts these students as not enrolling for the purposes of calculating its yield. Fitzsimmons predicted that the number of students who choose to take a year off “will get up a good deal higher” before the fall; in an average year, 30 to 50 admitted freshmen choose to defer matriculation...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: Yield May Top 76 Percent for Class of 2014 | 5/12/2010 | See Source »

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