Last week, First Marblehead Corporation, a Boston-based company, saw its stock plummet after cutting its dividend. The problem? First Marblehead is in the business of “securitizing” student loans. A year ago, this would have required some explanation, but the sub-prime mortgage mess has taught Americans – and people all over the world – the meaning […]
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The University of Texas at Austin has just approved the formation of a field of study for the recently-established Program In Western Civilization and American Institutions. This enables the center to begin offering great books-based classes on Greek and Roman Philosophy, literature, and the American founding, among other topics. It’s a broad step forward for […]
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