Word: amid
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...also shown a gift for dodging financial bullets - a handy trait at a time when so many once-swaggering investors are bleeding. The flagship fund at his Boston-based company, Weiss Asset Management, hasn't suffered a single losing year in 17 years. Even amid the carnage of 2008, he has eked out a small profit - so far, at least...
...Given this extreme uncertainty, Weiss is sitting on more cash than ever before. One reason is that he expects further mayhem as leveraged hedge funds are hit increasingly hard by margin calls and shareholder redemptions, forcing them to sell investments to raise cash. Yet amid the panic, Weiss admits he's turning bullish: "People are freaking out, and it's a good time to make money when everybody is freaking out." One shell-shocked area where he's finding extraordinary bargains: illiquid funds with troubled investments in property. "You might very well lose all your money," says Weiss, "but there...
...next venerable institution to fall victim to the financial crisis could be Santa Claus. Retailers are bracing for a holiday shopping season that is shaping up to be the worst in recent memory, as debt-ridden consumers cut back spending amid rising fears that the U.S. is in a major recession...
...author and recent convert from Reaganite to renegade Democrat—is widely popular among the heavy-drinking, heavy-praying Scots-Irish who populate the southwestern hill country. But even he barely defeated the disgustingly stupid, backyard-barbeque bigot George “Macaca” Allen in 2006, amid widespread discontent with the Bush Administration’s handling of the economy and Iraq. And a Harvard-educated, cerebral crypto-Muslim is a much harder sell, especially one with an ethnically dubious name...
...likes of South Africa's former President Thabo Mbeki and other veterans of the struggle to end white rule on the continent, Farhan argues that it's precisely because the liberation-era movements are on the wane - as South Africa's African National Congress seemed to be last week, amid a very public schism - that governance is improving. "Those movements used to say, We have the right to stay in power because we are a liberation movement," she says. Across the continent, the liberation movements produced many of the stereotypical African Big Men who ran their countries as a personal...