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That brings us to the other big news in the announcement. The FOMC left the door wide open for even more rate cuts, which would bring us into uncharted territory. The federal-funds target rate previously bottomed out at 1% from June 2003 to June 2004. The actual federal-funds rate did drop below 1% a few times in the 1950s, but that was another era - an era when the Fed didn't announce interest-rate targets, banks completely dominated the financial system and the U.S. completely dominated the global economy, and there was no such thing as a money...
...Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS), was created by a public-private partnership including the Centers for Medicare and Medicaid Services and the federal government's Agency for Healthcare Research and Quality. It was conducted in about 60% of all U.S. hospitals between July 2006 and June 2007 and designed to help administrators establish appropriate hospital policies while arming health consumers with the tools to pick the best care providers...
...Staff Writer June Q. Wu can be reached at junewu@fas.harvard.edu...
...Having finished a year-and-a-half of service as a faculty member of the Ad Board last June, I was shocked by The Crimson’s opinion of the Ad Board (“Bad Board,” editorial, Oct. 22). First, it was simply riddled with factual errors. For example, contrary to your statement that resident deans are “outranked” by the faculty, in fact there are only two or three faculty members on the Ad Board at any time, and over a dozen resident deans; we all get equal votes. Even...
...trying to unload a large portion of its riskiest assets, according to a recent article in the trade publication Private Equity Week. The article reported that HMC has hired Cogent Investment Bank to sell approximately $1 billion of its private equity portfolio on the secondary market. As of June 30, HMC’s planned allocation to private equity for 2009 was up to 13 percent of the University’s endowment, or just under $4.8 billion, meaning that the proposed sale would comprise nearly a quarter of its private equity assets. HMC Director of Private Equity Peter Dolan...