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...down for two weeks over protests that its turbines were killing large numbers of local waterfowl. The resulting revenue loss forced Pro-SWIFT to sell assets in an effort to service its maturing short-term debt. Although only $10 billion of assets were liquidated, they fetched just 60 cents per dollar of book value. J.P. Morgan, in purchasing the assets, noted that, “Our more conservative financial policy puts us at a disadvantage in buying wind-farm assets—hence the large discount.” As a result of the fire sale, Pro-SWIFT creditors experienced...
...Per unwritten law, all parting shots must include at least one John F. Kennedy ’40, Lawrence Summers, or T.S. Eliot ’10 quote. I’ve chosen one from the last, from “The Hollow Men.” Eliot writes, “Between the idea / And the reality / Between the motion / And the act / Falls the Shadow.” I am an economics major, so there is roughly a zero percent chance that I will interpret this quote correctly, but, hey, maybe this is my black swan...
Individually, he passed for over 1,800 yards and 15 touchdowns, led the Ivy League in pass efficiency, and averaged a league-high 11.9 yards per completion, good enough to earn second-team All-Ivy honors. On the ground, Winters rushed for 295 yards and three touchdowns, tied for the second-most of any quarterback in the Ancient Eight...
With the running back tandem of junior Gino Gordon and Ivy Rookie of the Year Treavor Scales, the Crimson exploded for 178.7 yards per game on the ground, more than 20 yards per game better than second-ranked Columbia. With Winters ably controlling the passing game to the tune of 15 touchdown passes, Harvard made a forceful statement with its league-leading 25.2 points per game en route to a 5-0 start in conference play...
Today’s financial-aid program would astonish previous generations of Harvard alumnae and alumni. Over the past six years, the Harvard Financial Aid Initiative has led to a 33 percent increase in the number of students at Harvard from families with incomes less than $80,000 per year. More middle-income students are also applying to Harvard now: For 90 percent of the American population, Harvard is no more expensive—and, in many cases, is less expensive—than flagship public universities. This is a powerful message about the accessibility and affordability of today?...