Word: beared
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...read all about the combined woes afflicting the economy: the credit crunch, the subprime mortgage crisis, the housing slump. Things are bad out there, especially when the Federal Reserve has to intervene and rescue the financial markets from chaos, helping JPMorgan Chase buy collapsing investment bank Bear Sterns for a mere $2 a share. But even in the toughest times, some businesses and banks come...
Between each of the five shows, Sälzer is up and about, shaking hands. Not a man who sits still, he runs around 8 miles (13 km) in a nearby forest every day in sneakers that are the only items in his closet that do not bear the Boss label. Sälzer will usually spend the rest of his day on his toes because his policy is to limit his time in the CEO's office to two hours a day. His style is to manage by chatting: anyone can approach him, and whether he's in the showrooms...
...Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as investors feared that Bear would not be good for the money it promised on its bonds. Not familiar with credit default swaps? Well, we didn't know much about collateralized debt obligations (CDOs) either - until they began to undermine the economy. Credit default swaps, once an obscure financial instrument for banks and bondholders, could soon become the eye of the credit hurricane...
...young, but I think we’re a pretty mature and disciplined team for how young we are,” Duboe said. “We do have a long way to go. We’re far from perfect and we really have to bear down and take it one game at a time. Our age down the line hopefully won’t affect us in some bigger games and we’ll hopefully keep carrying this attitude that we have into games against Cornell and Princeton.” —Staff writer...
...planning more protests in front of embassies around the world and is hoping to get as many protestors into Beijing during the Olympics as possible. "No one had a clue when the Berlin Wall came down," she says. "History is long, and only time will tell what will bear fruit...