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...most powerful argument that bank experts make about why Citi is not valued correctly is that, first, no one has access to its books, and second, the bank has so many levels of debt and equity that no one can unravel what the convertible preferred and senior notes are worth, let alone the common stock. That point of view leaves out the most obvious aspect of valuing Citi's stock which is that it is followed by thousands of experts. Cit trades over 400 million shares a day. With that much volume and that many experts, the market for evaluating...

Author: /time Magazine | Title: Banks are Worth What Their Stock Prices Say They're Worth | 4/7/2009 | See Source »

...last for a breathless 36 hours. And, of course, only invited guests are privy. (Befriend a member and ask for an invite to join.) "We really prize doing it in a way that is incredibly exciting," says Maybank. But the bottom line, says Wilson, is that "we provide access to hundreds of highly sought-after brands for both men and women. We have a lot of depth to our site...

Author: /time Magazine | Title: Gilt-y Pleasures | 4/6/2009 | See Source »

...provide any compensation for such purposes. But subsidies are included for housing outside of Cambridge, as well as “legal expenses, personal travel, loan interest subsidies and retirement gifts.” With Summers’ resignation, the University agreed to provide him with “access to a mortgage loan on a personal residence consistent with University practice,” according to the tax filing. The report shows that Summers took out a 20-year loan for $1 million in 2006 to purchase a home that requires interest-only payments from...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Summers Salary Data Released | 4/6/2009 | See Source »

...equipped with air-conditioning - signs that the Tiger leader has been using the hideouts, according to military sources. The army has also recovered insulin containers suspected to have been used by Prabhakaran, who is a diabetic. Independent verification of the discoveries has been impossible due to restrictions on media access to the combat zone, though the military's claims have not been contradicted by the LTTE...

Author: /time Magazine | Title: Sri Lanka Closes In on Leader of the Tamil Tigers | 4/6/2009 | See Source »

...allows anyone other than his trusted lieutenants to get physically near him," says retired Indian army intelligence officer Ramani Hariharan, who was stationed in Sri Lanka from 1987 to 1990. "Now probably very few people even among the top LTTE leaders - so few are alive today - will have direct access...

Author: /time Magazine | Title: Sri Lanka Closes In on Leader of the Tamil Tigers | 4/6/2009 | See Source »

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