Word: bondses
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The book, by James Bradley and Ron Powers, recounts the ultimately tragic tale of six young U.S. Marines who happened to raise a huge American flag atop Mount Suribachi in the midst of the great battle for Iwo Jima during World War II, of how an Associated Press photographer squeezed...
After high-profile alleged frauds like Refco's and another this summer at hedge fund Bayou Management, where managers shut down the firm without notice, the call for strict oversight is growing. Largely unregulated investment pools for institutions and the wealthy, hedge funds make big bets--up or down--on...
Graduate students from the Harvard Buddhist Community (HBC) met with 12 students from the College yesterday in an effort to expand undergraduate involvement in Buddhism on campus through meditation, discussion, and education. Alan G. Wagner, a 6th year graduate student in Chinese Buddhism and a board member of HBC, said...
5 Derivatives Perhaps the most profitable and certainly the most arcane investments of the year were something called derivative securities. Derivatives -- abstractions of stocks, bonds and futures -- are a huge business ($4.5 trillion in contracts) but pose a danger to world financial markets because of lack of regulation. As such...
Across the U.S., retirement plans in big cities and small ones are underwater. In Philadelphia, the city's three big pension funds were short $2.6 billion at the end of 2003. The police plan had enough assets to cover only 59% of promised retirement checks. That was after the city...