Word: interests
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...oversight committee appointed by Congress has already signaled some hostility about how the program has been managed which will not help Allison do his job. Elizabeth Warren, chairwoman of the Congressional Oversight Panel, has expressed grave concern about whether banks which received government money are setting exorbitant fees and interest rates for their customers. There is also a concern that the new program to buy toxic assets from banks is not set up properly to get fair value for those assets...
...Monday, Goldman said that it had made nearly $2 billion in the first three months of this year alone. But some analysts say Goldman, which received $10 billion from the government through the Troubled Asset Relief Program, is generating most of those profits by making risky bets on interest rates and other fluctuations in the financial markets with money it has received from the government. Goldman says it would like to pay back its TARP loans as soon as possible, and on Tuesday the company raised $5 billion in a stock offering that the executives said would help Goldman...
...firm wants to speculate on interest rates that's fine. There is nothing that prevents them from using TARP that way," says Dean Baker, who is the co-founder of the Washington, D.C. liberal-leaning think tank the Center for Economic and Policy Research. "But I am not sure that helps the economy, and if they were to get that wrong the firm and taxpayers would be much worse...
...it’s time for Harvard to follow suit. Benson notes that Harvard’s faculty and students have already shown significant interest in animal studies but often lack the structure to interact. A yearlong speaker series could change that, as could the offering of more animal studies courses...
...many cases, work fanaticism is either an avoidance or cultivation of inadequacies in other, less structured, domains. Although students’ original dedication to work was likely based on an innate love of algebra, it is possible that this interest was also motivated by a somewhat diminished temptation for the frolics of youth. A highly scientific straw poll of the first 20 people I recognized in Quincy revealed that only four felt they were popular at the age of 12 to 14; past social reclusion is not a universalistic trend, but it does seem to be prevalent...