Felix Salmon

Larry Summers’s billion-dollar Harvard gamble

By Felix Salmon
July 24, 2009

Greg Mankiw adds some insider detail to the story of Larry Summers’s ill-fated interest-rate swap, in the form of an email from “someone knowldgeable about the financial situation at Harvard”.

Annals of rank hubris, Larry Summers edition

By Felix Salmon
July 23, 2009

This is why I love the blogs. The Epicurean Dealmaker has picked up on a detail buried in the 17th paragraph of a dry Bloomberg story from March about the relative funding costs of Harvard and Princeton — a story which, in light of TED’s comments, surely counts as having massively buried its lede.