Word: aig
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Remember what eight years of Republican rule has wrought: missing weapons of mass destruction, the promises we'd be greeted as liberators, Jessica Lynch, torture, the disintegration of Afghanistan. Also: Enron, WorldCom, Bear Stearns, AIG, Fannie and Freddie, GM, Chrysler, Social Security privatization, the $700 billion bailout. Also: Brownie, John Ashcroft covering up that bare-breasted statue at the Justice Department, Alberto Gonzales politicizing the Justice Department, Harriet Miers, the oil lobbyist who edited those global warming reports. Also: Jack Abramoff, Duke Cunningham, Bob Ney, Tom DeLay, Ted Stevens. Also: the Vice President shot a guy, and the President almost...
...firm Credit Suisse. One of the restaurants, Eleven Madison Park, features a duck-liver terrine with pineapple and pearl onions on a rum-raisin brioche. The appetizer costs an additional $20 on top of the restaurant's normal $88 tasting menu. But few are buying. "I call it the AIG effect," says Meyer. "Even if you haven't lost your job, you don't want to been seen as extravagant...
...crisis for Portfolio, with their advance rumored to be as much as $1.6 million. Roger Lowenstein, contributing writer for the New York Times Magazine, is writing Six Days That Shook the World for Penguin Press, which examines the week when Lehman Brothers went bankrupt, Merrill Lynch was bought and AIG received a government bailout...
...rejection of economic liberalism and tantamount to an embrace of communism [Oct. 20]. It's hard to ignore the parallels between, for example, President Salvador Allende's nationalization of Chile's banks and copper industry in 1970, and the U.S. government's recent purchase of part of insurance giant AIG and its bailout of several financial behemoths. It is interesting that the crisis in the capitalist system has been met with the kind of government interference in the economy that was once viewed with dismay. Elliott Wollner, Melbourne...
...mergers and acquisitions, for example, is down about two-thirds from its peak in 2006, while the public stock offerings that made the London Stock Exchange an international shooting star have fizzled. Given the role played by arcane financial engineering in triggering the current crisis--the troubles at AIG, for example, stem largely from its freewheeling London financial-products division--the future looks especially bleak for people working in structured finance and complex derivatives. No surprise, then, that HSBC, Citigroup, Credit Suisse and others have started cutting staff...