Word: beare
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...borrow stock and sell it, essentially betting that the price of their target company will fall before they have to replace the borrowed shares. They have been disparaged as vultures, rumor mongers, cheats and criminals. But they have not, by and large, been wrong in their choice of targets. Bear and Lehman died because they were undercapitalized. Merrill's own mismanagement helped to chase it into the arms of B of A. Yet in the case of AIG, the argument is that the company would have remained afloat had its stock price not been driven down, which triggered a credit...
...best kind of fashion show is called a "presentation." Instead of sitting down and waiting an hour for models to walk, you walk around to different rooms where models lounge around in gowns. It's like a Disney revue--the Country Bear Jamboree, except the bears are women who never eat and the jamboree consists of acting bored. When I exited, I asked if I could go again...
Last February, Harvard got introduced to a peculiar undergraduate with an even more peculiar plan when Matt di Pasquale ’09, a would-be collegiate Hugh Hefner, sent out a mass e-mail calling on “all hot Harvard girls” to bear their souls and bodies for his new magazine, Diamond. Well, now we know him better. Seven months later, the first issue of Diamond has hit the shelves and the results are astounding. Diamond is something like a journalistic version of the one-man-band: In this drama, di Pasquale is judge, jury...
Economic gloom is the trademark of most newspaper headlines as of late. Oil prices rise and fall, but bear bad omens either way. The housing market continues to deflate. And in the midst of it all, a number of Wall Street’s most venerable institutions are disintegrating. No matter the cost to American taxpayers, and no matter what the path of one’s economic thinking, it is clear that in the case of Fannie Mae and Freddie Mac, and, now, American International Group (AIG), the Federal Reserve did what it needed to do to protect everyday...
...prominent investment banks became the latest casualties in the financial sector, following in the footsteps of Bear Stearns, which was sold to J.P. Morgan in March in a deal orchestrated—and partially insured—by the Federal Reserve...