Word: crediteers
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...Some see Amazon's biggest growth coming from further expansion into electronics, apparel and consumer products, ranging from shampoo to groceries. Amazon's ability to cross-sell products to existing customers is powerful. "When you've got an account opened at Amazon and they have your credit-card information and they also happen to have some of the lowest prices, it's very easy to start buying on Amazon items that may be outside people's traditional products that they buy online," says Sebastian. "I've been buying diapers from Amazon - not just the books that I would have bought...
...Lehman-funded trading account of $450 million. In the years leading up to the financial crisis, Lehman Brothers built up huge positions in real estate, derivatives and bonds. That all came crashing down in the fall of 2008, when the tumbling housing market and rising mortgage defaults caused the credit markets to seize up. In all, Lehman lost more than $32 billion from proprietary trading and principal transactions during the year and a half leading up to the financial crisis and since, according to a TIME analysis of Securities Exchange Commission filings and bankruptcy-court documents. That's nearly double...
...than the argumentative democrats of the West. That's exactly why Beijing's recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform in the U.S. languishes in Congress, China is building an extensive health care...
They say you can’t teach style, but this spring, the Freshman Dean’s Office is going to try. A new non-credit class for freshman, “Introduction to Fashion” approaches the subject from historical, technological, and commercial perspectives over the course of five weeks...
...credit, Gates is mindful that the U.S.'s diplomatic assets pale in comparison to its military power. The Pentagon budget is still $660 billion, compared with State's $51 billion. To audiences, Gates often bemoans the fact that the State Department's foreign-service officers would barely crew one aircraft carrier. "We joke that Gates is the best surrogate for the State Department. He always makes the point that we are underfunded and underresourced," says a Clinton staffer. At the same time, the Pentagon has assumed more of the burdens of diplomacy and statecraft. The building contains its own mini...