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...products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action are necessary to engender new confidence in the markets and to put the world back on a path toward more growth and employment." (See 25 people to blame for the financial crisis...
...Dramatic stuff-but will it ever fly in Washington? Or even everywhere in Europe? "If I put it very tenderly, the divergence in opinions was rather big," said Czech Prime Minister Mirek Topolanek, whose country currently holds the E.U.'s rotating presidency. In Sunday's meeting, Topolanek defended the liberal market orthodoxy of many central European members and the U.S. is likely to look to countries like the Czech Republic for support in defining some "lowest-common-denominator rules" that everyone can accept, says Duckenfield. Which may leave other European leaders talking tough but unable to get their...
...game easily, 9-1, and struggled to keep Hill off in the second, 9-7, before dropping one to him, 9-1. But Singh bounced back and sealed the match with a 9-3 fourth set.Reeves traded games with Chris Binnie before the Bantam’s ninth seed put the game away (9-3, 3-9, 9-3, 9-5). The Crimson did not fare any better after Reeves’ loss, failing to provide much competition for Trinity.Eliot Buchanan challenged the Bantam’s Parth Sharma in the second set in a heated 10-8 contest...
...institutional standards. The review marks an important step in Harvard’s bid to renew its accreditation—the national certification of the University’s curricular standards issued each decade. Wednesday’s meeting provided student and administrative representatives their first opportunity to put their stamp on the report, whose initial draft was assembled primarily through the use of institutional data. Harvard officials have relied on student survey responses, faculty and staff committee reports, and the findings of such special teams as the President’s Task Force on the Arts to piece together...
...Less than a minute later, Markley’s heroics put Harvard back on top for good...