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Raising and strictly enforcing capital requirements is vital to creating a more stable financial system. During the financial crisis, plummeting assets and the consequential market panic caused almost every major bank to fear for its solvency. Had there been more stringent capital requirements, banks would not have been in such...
Finally, and perhaps most importantly, Congress needs to take a hard look at how these banks are structured and the purpose they serve in today’s economy. As Roger Lowenstein wrote in a recent article, banks today make an overwhelming percentage of their profits from trading, in effect...
Harvard is the most recent of many prominent institutions to begin this program. Yale, Stanford, Brown, MIT, and Oxford are some of the more than six hundred universities worldwide that post educational materials on iTunes.
Daphne Y. Xiao ’11, who attended the talk in the Lowell junior common room, said that she found Kleinman’s comparative analysis between Chinese and American societies’ dealings with the issue of stigmatization to be “the most interesting part of...
Mr. McAuley’s piece is grounded in his belief that rich students at Harvard are consciously reducing the level of their consumption in order to demonstrate to their less wealthy peers that they are not immune from the current “economic hardships” most Americans...