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...first cracks in the SWIFT model appeared in October of last year, with the failure of the relatively small Pro-SWIFT. Pro-SWIFT had an imprudently large fraction of its assets invested in a single Georgia wind farm, which was forced to shut 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...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

Though the locations outside of Cambridge eventually had to be shut down, White continued to operate out of the original store in the Square...

Author: By George T. Fournier, CRIMSON STAFF WRITER | Title: Oona's in Harvard Square To Close Temporarily This Summer | 5/25/2010 | See Source »

...MBTA press release indicates that "sidewalk and crosswalk areas will be temporarily adjusted as necessary to facilitate construction activities," and Brattle Street towards Church Street will be shut down for a week in June to accommodate the construction of a raised crosswalk. Although this work will be "disruptive," the press release states that the “contractor will work to provide safe access to all properties during constructing, using temporary fencing and ramps, traffic cones, caution tape, and signage...

Author: By Saieed Hasnoo, CRIMSON STAFF WRITER | Title: A New Elevator for the T Station | 5/23/2010 | See Source »

...from there, Dalrymple—who pitched every inning of the series—shut Harvard down, allowing just two hits over the final three innings...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Softball Splits First Two ILCS Games | 5/10/2010 | See Source »

Donning a prescription out of date by nine years, I quickly made the dash from Leverett to meet my group in Mather. With my right eye squeezed shut and one hand blocking my face as I turned it away from the sun’s reach, I felt like a rat or some other nocturnal rodent scurrying painfully into the shock of broad daylight...

Author: By Elizabeth C. Pezza, CRIMSON STAFF WRITER | Title: Attack of Captain Red Eye | 5/7/2010 | See Source »

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