Word: statement
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...Shares in the lender plummeted by a quarter on Friday (they'd already fallen by half this year). But Northern Rock isn't likely to fold. Britain's Financial Services Authority called the bank's loan book "good quality" in a statement issued jointly with the Bank of England and the U.K. Treasury. And though it's not yet clear how big the Bank of England's lifeline is, the central bank's cash means savers' own deposits are safe. "If I were a depositor, knowing I have the Bank of England behind me is probably the safest place...
...Currently, many organizations in the tax-exempt category use offshore tax sanctuaries such as the Cayman Islands to invest in U.S. hedge funds. “There is no reason to force tax-exempt entities offshore when they invest in hedge funds,” Levin said in a statement. “These rules were never meant to apply to this kind of transaction, and there is little reason to fear abuse.” Harvard’s endowment, which has roughly 15 percent of its holdings invested in hedge funds, according to publicly released financial documents, would...
...Jeanne has been an effective engaged, nonpartisan leader of the Institute of Politics, and we are truly sorry to see her go,” he said in a written statement...
...sure this was a very difficult decision for her, because she’s done such an excellent job at the Institute and has been an inspiration to so many outstanding young students to consider careers in politics and public service,” he said in a written statement. —Staff writer Paras D. Bhayani can be reached at pbhayani@fas.harvard.edu...
...That's a bold statement. It's also utterly specious. As every high-school biology student knows, evolution is neither a tidy nor quick process. Even if Clark could somehow prove that prosperity is hereditary - survival of the richest, he terms it - it doesn't follow that genetics, rather than geography or blind luck, caused Europe to industrialize before the rest of the world. Isn't it just as likely that innovations such as the steam engine, and the exploitation of its colonies, made England wealthy? And Clark's social Darwinism doesn't explain why equally stable and sophisticated societies...