Word: crisises
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The tectonic shifts threw U of D into crisis. In less than a decade, the school's rolls plummeted from a high of about 1,100 students to no more than 500. In 1976 the Jesuits found themselves beset by parents, alumni and faculty arguing that the school should follow...
Behind each twist and turn of last year's financial crisis was a small club of (mostly) men--many of them friends, plenty more rivals--who determined, often by the seat of their pants, how events would unfold. In Too Big to Fail, Sorkin, a New York Times reporter, takes...
Let's just say the evidence is mixed. There's lots of research showing that the economies of countries with vibrant financial sectors grow faster than those of countries without them. So banks and financial markets do enable prosperity. But as we emerge (we hope) from a deep economic downturn...
Until recently, economists had done shockingly little work in this area. "Nobody had looked at the flip side, which is, Can there be costs?" says Thomas Philippon, a young Frenchman who teaches finance at New York University's Stern School of Business. "That is because it's harder to measure...
See pictures of the global financial crisis.