Despite claims that the government shutdown is a driving factor for the recent stock market drops, Victor Matheson, professor of economics at the College of the Holy Cross, tells Channel 3/NECN that people should instead be more concerned about the approaching debt ceiling deadline. He compares the current situation to the Lehman Brothers shutdown in 2008 with a default on $500 million debt, causing stocks to drop by fifty percent.
“What we have going down in two weeks is potentially the government not paying out on twelve trillion dollars of money, twenty five times bigger than Lehman Brothers. And so, the effects on the stock market there can be catastrophic,” said Matheson.
This Holy Cross in the News item is by Sara Bovat ’14.
Working Writers Series Presents Author Nick KriegerSee More > 10/05/2014
Internationally Renowned Organist and Cornettist to Perform as Part of Chapel Artists SeriesSee More > 10/07/2014
Former NBA Player and Fall River Native to Speak at Holy CrossSee More > 10/25/2014
Craft Demonstrations by Refugee Artisans of WorcesterSee More >
‘Tesla’s removal of patent restrictions a boost for electric cars’
Worcester Business Journal
In an op-ed for the Worcester Business Journal, Christine Fimognari ’15 discusses a decision by Tesla, a manufacturer of electric cars, to remove patent restrictions in the...09/12/14
PayScale Ranks Holy Cross Among Liberal Arts Colleges by Salary Potential
The College of the Holy Cross ranked No. 18 among liberal arts colleges and No. 52 in overall private schools according to PayScale, which released its 2014-2015 College...09/04/14
‘Redesigned Holy Cross dining hall offers new options’
Worcester Telegram & Gazette
The Worcester Telegram & Gazette recently visited the College of the Holy Cross for the soft opening of the newly renovated Kimball Main Dining Hall, which will have its...