Word: banking
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...penny stocks, practically, are the big banks and the automakers. Will we look back in 10 years and wish we had bought them now? Viewing them as stock groups, I think we will. But that's an important distinction - in both cases, if you buy an individual automaker or an individual bank, you could pick the wrong one and it could be liquidated. But if you talk about the industry group, the answer is yes, especially for the banks...
...financials sector has lost 45% this year. I don't think it's because the financial sector's fundamentals worsened by 45% in six weeks. We cut the value of financial stocks in half mainly because our leadership created a run on the bank stocks by openly debating whether they should nationalize banks. There are certain things you just can't openly debate as a leader, like you can't openly debate whether you're going to do a surprise attack on another country. Or you can't debate whether you're going to close XYZ Bank, because while...
...recent Israeli operation in Gaza refocused attention on the plight of the thousands of ordinary Palestinians caught between Islamic militant group Hamas and Israel's overwhelming military force. But the Palestinians living in the territories of Gaza and the West Bank aren't the only ones trapped. Like many Palestinians forced from their homes after Israel's birth, Sulhani still has his old house keys. Tax records from the British mandate of Palestine are stored carefully in a schoolgirl's plastic binder. But while a 1948 United Nations resolution calls for Palestinians' "right to return," all who have seriously thought...
...late-January meeting between Geithner and Fine could signal a change in policy. Some observers say that move would make sense. Bank analyst Meredith Whitney, who recently left Oppenheimer to start her own firm, has said the best plan to restart the financial system would be to give government money to smaller regional banks that could fill the lending void created by the pullback of larger ailing banks...
...days after the noted investment bank Lehman Brothers fell in September, the Business School responded by implementing a plan to better train students for interviews and adding recruitment programs for employers in Paris and Shanghai...