Word: beare
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...Little wonder many investors are rushing for the exits. But there were signs of trouble even before the onset of the bear market. Earlier this year, Spectrem Group, a Chicago-based consultancy that tracks the habits of Americans worth between $5 million and $25 million, reported that the wealthy were dropping hedge funds from their portfolios. In 2005, Spectrem said, 38% of high-net-worth individuals invested in the funds; by 2007, the proportion had fallen...
...LIED by Judy Blundell A delicate, raven-haired young woman applies lipstick as she peers fearfully into the darkness that surrounds her. What could threaten such an innocent-looking girl? A past lover? A crazed suitor? A malicious rumor? Speaking of which, she seems to bear a passing resemblance to another slender brunette—I believe they call her “Blair?”And why, for that matter, do I even know the “Gossip Girl” characters’ names? I’ll never tell... THE 19th WIFE by David Ebershoff...
...possible that the panic never would have happened if Paulson and Federal Reserve officials hadn't allowed Lehman to fail. Although, given how much criticism they got for their semi-bailout of Bear Stearns in March, it's easy enough to see where that decision came from. Less easy to understand is why Paulson initially stubbornly insisted that the bailout bill be structured as an asset-purchase plan - it's still called the Troubled Asset Relief Program, or TARP - rather than as a straightforward recapitalization of troubled banks. Treasury has since switched to the latter approach, so far putting...
...asked Chris and Hunter if they had met anyone at Harvard who seemed more competent than them to be president—someone who made them feel inadequate. No, they told me. They hadn’t. Everyone I told about the article asked me how I could bear spending so much time talking to these people. “What are you going to call your article?” my roommate asked. “The Tool Factory?” But I thought there was something refreshing about the openness of their ambition. The Harvard social code...
...beam images of refugees jamming the red dirt roads of central Africa, and radios broadcast the crackle of gunfire from forested hills, it's clear that something needs to be done. Troops may provide succour for now; but in the long run serious pressure needs to be brought to bear on political leaders until the fighting stops...