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There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
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"It has a significant ripple effect, because the five largest banks in this country are heavily invested in Euro zone countries," said Thomas "Danny" Boston, Professor in the School of Economics, in an interview with BET about how the financial crisis overseas affects the U.S. economy.
"Bank of America, for example, had some $17 billion dollars invested in the five countries facing the largest problems. JPMorgan has $14 billion [invested]. The probability of default hits them directly. If you take the case of Greece, as a part of the agreement struck a few days ago to rescue the country, it was mandated that private institutions holding Greek debts have to take a 50 percent loss. That’s huge. That’s writing down billions and billions of dollars." Source: BET.com, November 7, 2011
