Word: assets
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...nightly newscast is the equivalent of a network throne, morning news is more like the couch. But there's money in that couch - more, in fact, than at 6:30 p.m. Despite being a perennial runner-up to NBC's Today show, GMA, under Sawyer, was a huge asset to ABC's bottom line. But the show has struggled recently, allowing CBS's The Early Show to approach it in the ratings. Without Sawyer that struggle gets even harder, and the show may have to reimagine itself as less anchor-driven. "I think what might happen now is there might...
University spokesman John D. Longbrake confirmed yesterday that Forst will remain on the University’s Debt Asset Management Committee and will join the Committee on University Resources, a little known body of prominent donors...
...purge the asset markets of speculators, which is clearly working given the deflation of the stocks bubble in Shanghai. The danger is that policymakers may tighten too much, discouraging not only speculation but also business growth and consumer spending, which could precipitate a hard landing for the economy. So far, there's scant evidence for collapse. The latest Purchasing Managers Index numbers, released Sept. 1, show China's manufacturers are continuing to rally. The index rose to 54.0 from 53.3 in July, marking the sixth consecutive month the index has been in expansion territory (over...
...Some argue that overtightening is not the fundamental problem, however. Former Morgan Stanley star analyst Andy Xie, now an independent economist, questions the quality of China's recent growth. "The present economic 'recovery' began in February as inventories were restocked and was pushed up by the spillover from the asset-market revival," he contends in a recent opinion piece in Hong Kong's South China Morning Post newspaper. "These two factors cannot be sustained beyond the third quarter...
...writing or philanthropy or public service." Goldman, he notes, has already paid back the $10 billion - plus $318 million in dividends and an additional $1.1 billion to buy back warrants (at above-market value, he adds) - that Paulson forced it to take last October from the $700 billion Troubled Asset Relief Program. Taxpayers' annualized return on their nine-month investment in Goldman Sachs? A cool...