Word: chapterful
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...first chapter of his most celebrated work, Czech novelist Milan Kundera illustrates Nietzsche’s idea of “eternal return:” “There is an infinite difference between a Robespierre that occurs once in history, and a Robespierre who eternally returns, chopping off French heads.” When it comes to the tumultuous financial markets of the past year, countless editorialists, economists, and even some public officials have likened the current crisis to the Great Depression of the 1930s and the Savings and Loans debacle of the late 1980s. And who better...
...Monday's Chapter 11 filing by Lehman Brothers and the bailout of Merrill Lynch by Bank of America have only added to a yearlong credit crunch that is changing the way film financing deals are structured in Hollywood. Not unlike homebuyers facing tougher standards to get a mortgage, the people who greenlight movies are facing more stringent demands from their financiers. "All of the studios, if they want to get a deal done in this environment, will need to better align their interests with investors," says P. John Burke, a film finance lawyer at the firm Akin, Gump, Strauss, Hauer...
...Should we be confident? Lehman's first day in Chapter 11 bankruptcy actually held some encouraging signs, as markets avoided chaos and the company itself appeared close to selling its asset management arm to a private equity firm. There were also reports that Barclays, which had decided over the weekend not to bid for Lehman as a whole, might still be interested in buying the core of Lehman's business, its broker-dealer operation...
...much for "Masters of the Universe." On Monday, being an employee of Lehman Bros. looked about as much fun as a perp walk. Overnight, the 158-year-old Wall Street behemoth filed for Chapter 11 bankruptcy protection, a stunning collapse that may leave thousands of employees without jobs. With $639 billion in assets, the firm's filing is the largest in history. Throughout the day, as media crews hovered around the entrance to the firm's Midtown Manhattan headquarters, some of Wall Street's best and brightest trickled out onto the pavement, their faces crestfallen and their ties yanked askew...
...years William, 26, has professed a desire to dip into various professions in preparation for his ascension to the British throne. For the last two years, he has undertaken a number of training courses in the military. But instead of ending that military chapter and moving on to another, he has decided to enroll in an 18-month training program to fly Sea King rescue helicopters. The announcement follows news that he would not be allowed to serve in Afghanistan after his younger brother Harry was abruptly withdrawn from the front lines in the dangerous Helmand province in February amid...