Word: commerciales
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Now those ratios are being unwound with a vengeance. In interviews, Wall Street executives, like John Mack, CEO of Morgan Stanley, talk of reducing their leverage to a ratio of 12 to 1 - a regulatory requirement, now that both Morgan and Goldman have turned themselves into commercial rather than investment...
Now consumers everywhere are reeling. Christopher Adams is an architect who lives with his wife Rachel in a North Miami Beach condo project in which fully 25% of the 244 units are in foreclosure. That means higher maintenance fees for those - like the Adamses - who continue to pay their mortgages...
The problem is that many of the moves so far, like insuring money-market mutual funds, have been made to shore up the nation's commercial paper markets. But small companies or those that are short on capital cannot access the commercial paper market, which is generally reserved for companies...
But the most potent weapon in Ventura's triumph was his up-the-Establishment attitude, his platform quotations from such political thinkers as Jerry Garcia and Jim Morrison, his TV commercial showing him as an Action Figure doll doing battle with the Evil Special Interest Man. ("I don't want...
Given the commercial airline industry's financial straits, chartering a private mile-high flight may be your best bet. "When do you ever see empty seats [anymore]?" June says, observing that the frequency of on-board trysts has recently dipped. But the mere lack of privacy (or blankets or booze...