Word: berners
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...from Cornell’s Rebecca Hazell. Mashruwala held on to win the third set 13-11 after a cycling of points that almost saw Harvard drop a game. At the no. 8 spot, junior Bethan Williams had no trouble in seeing off Big Red’s Clare Berner...
...Then there's all that bad debt. We've now mostly worked through the subprime mortgage mess that started this whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that even in the most bullish case, banks and other lenders have only recognized about half the $1.7 trillion in loan losses they're likely to suffer over the course of the downturn. In Berner's "bear" case, losses will top $4 trillion...
...sell the loans banks will have to recognize losses that could run as high as $200 billion for the sector in general. "The gap between bank marks on these distressed [loans] and their economic value appears to be too wide to be bridged," says Morgan Stanley analyst Richard Berner of the government program...
...sophomore J. Reed Endresen, the third seed, offered Harvard’s best result. After receiving a bye and an easy win on Friday, Endresen’s run was halted with a 9-0, 9-4, 9-1 loss at the hands of Rochester’s Robby Berner. After winning his first match, 9-3, 10-8, 9-1, junior Frank Cohen lost to No. 5 seed Will Newnham in the second round of the Malloy Cup bracket. Freshman William Ahmed fell in four games in his first-round matchup with Willams’ Cameron Henry. Sophomore Richard...
...good news is that in the U.S. now, as Richard Berner, chief U.S. economist for Morgan Stanley, writes, "The ultimate bastion of defense against deflation is a Fed committed to avoid it at all costs." And that's what we have. Study of the Japanese experience became something of a cottage industry for Fed researchers over the past eight years, and the Fed has responded accordingly: lending directly to banks, backstopping the commercial-paper market (which companies use to raise short-term money), trying to bring yields on both long- and short-term maturities down. Further, Fed chairman Ben Bernanke...