Word: bookings
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Dates: during 2000-2009
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...Suck up companies with borrowed money, make them more efficient and then resell, turning a profit in the process. These days, nearly 1 in 10 nongovernmental employees works for a private equity-owned company, and that, says longtime industry reporter Josh Kosman, is a big problem. In his new book, The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis, Kosman argues that private-equity firms not only pillage the companies they buy, but also put the broader economy at risk by making those companies take on copious amounts of debt. TIME's Barbara Kiviat spoke...
Turns out that bus travel, at least in the Northeast and Midwest, has become a hip, and hiply budget-conscious, mode of transport. Book early enough on some of the sleek new lines, and you can travel from city to city for as little as $1. And forget the images of desolate bus depots; the post-Greyhound generation of buses often pick up passengers at convenient curbside locations. A bunch of coach lines now compete for fare-surfing customers on BusJunction.com by touting such amenities as power outlets and free wi-fi. Some even show movies...
That, and the jaw-dropping prices. The British-owned MegaBus, which arrived in the U.S. in 2006, offers a $1 fare to at least the first passenger to book a seat on each bus. BoltBus, a joint venture launched last year by Greyhound and Peter Pan that covers Washington, Baltimore, Philadelphia, New York City and Boston, offers the same $1 deals as MegaBus, whose routes include the Northeast corridor and major college towns in the Midwest. BoltBus caps fares at $25 each way. This means a weekday ride from New York City to Boston costs about a third as much...
...derived solely from long-term U.S. data. But the excellent historical returns of stocks are not limited to the U.S. Three U.K. economists - Elroy Dimson, Paul Marsh and Mike Staunton - have examined the historical stock and bond returns from 16 countries since 1901 and published their research in a book entitled Triumph of the Optimists: 101 Years of Global Investment Returns. Despite wars, bouts of hyperinflation and depressions, stock investors in all 16 countries examined enjoyed high returns that outpaced fixed-income assets...
...member of the Election Commission makes a statement. The girl starts by presenting a Justice book. She's asking for backup from Kant and Aristotle? We don't really know what's she's talking about. She seems to be saying something about justice in the student election process...