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...better protect consumers and preserve wealth-creating opportunities is to enhance and reinforce [existing] wise regulation,” they wrote. Regardless of partisan opinions, some scholars said they believe that portions of Moss’ findings are infallible. Business School economist Rafael M. Di Tella said that the government??s readiness to insure large institutions deemed vital to the U.S. economy—even without prior agreements—means additional regulation would only reduce moral hazard. “Once we [have an implicit guarantee], his approach has to be correct?...

Author: By William N. White, CRIMSON STAFF WRITER | Title: Congress Draws on Prof’s Paper | 2/17/2009 | See Source »

...provisions in the president’s pay limit, now confirmed by the Treasury, will only have a limited effect. The government??s restrictions on executive compensation are firm, with opportunities for additional compensation only through the unpalatable option of restricted stock. The total savings to taxpayers, however, cannot be immense, mostly because the Treasury provisions have a narrow application. First, the provisions will not apply to the $350 billion of bailout funds already spent or allocated. Second, the provisions bypass large-time traders, brokers, and consultants, whose salary and bonuses often surpass the half-million-dollar limit...

Author: By The Crimson Staff | Title: CapEx | 2/8/2009 | See Source »

...long run, we hope that this debate sparks a deeper discussion on the extent to which lavish salaries and bonuses by CEOs can be justified, in times of crisis or otherwise. As for now, the salary caps will apply only so long as corporations are relying on the government??s bailout. In other words, the impetus is on executives to demonstrate, by leading their corporations to financial solvency, that they deserve the salaries they receive...

Author: By The Crimson Staff | Title: CapEx | 2/8/2009 | See Source »

...Finally, the newfound decision-making power of Harvard professors gives them an opportunity to benefit Harvard and the causes we further. Professors understand that funding for education and research, for example, is highly important. Having been on the receiving side of the government??s mercy, they will hopefully use their new positions to advocate for policies that will benefit higher education institutions such as Harvard, such as increased funding for scientific research. Just as professors will bring a fresh perspective back to Harvard upon their return, they will also take a Harvard-influenced perspective as they move...

Author: By The Crimson Staff | Title: A Real D.C. Comic | 2/3/2009 | See Source »

Funding for the NIH and the NSF stagnated during the Bush administration, which, combined with the rising cost of research and inflation, resulted in a decrease in funding from 2003 until now. We applaud the Obama administration for reversing this disastrous trend and reaffirming the federal government??s support for scientific research...

Author: By The Crimson Staff | Title: Smart Stimulus | 2/3/2009 | See Source »

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