Word: assets
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...Monday, Randal Quarles, a managing director at the Carlyle Group and a former Treasury official, told an audience at a conference on the Treasury's bailout fund - which is called the Troubled Asset Relief Program (TARP) - that he thought the fund could need to double in size. "The amount of assistance provided so far is not enough," Quarles said. "The losses out there are materially larger than TARP and will likely require more support than the current $700 billion...
...unexpected success of the campaign is an enormous asset to the American art at Harvard, museum officials said in a statement...
...being short an asset? For the really short guys, they don't have as much of an upper body to control, so they might have some advantage there. Some of the taller guys have longer arms, so they can give and take a little more. But it really doesn't matter...
...Harvard Management Company—the group charged with investing the University’s $36.9 billion endowment—is planning to unload $1.5 billion of its riskiest assets, The Wall Street Journal reported yesterday. The Journal’s article followed similar reports from the trade publication Private Equity Week, which said the company would sell $1 billion of its private equity portfolio. A $1.5 billion sale of its private equity holdings—nearly a third of Harvard’s investments in that sector—would mark one of the largest-ever sales...
...well to consider how he got here. When he set out to run for President a second time, McCain and his top advisers decided they had to gamble with his most precious political asset: his brand. Team McCain was convinced that to capture the GOP nomination, its man had to prove himself a real Republican in every way. And so it made a bet: the McCain brand was so well established in the public's mind that he had plenty of latitude to woo suspicious conservatives without damaging his reputation as a straight-talking, independent maverick. Or so Team McCain...