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...attempt to assure the public that there was no reason for panic. But after the failure of investment bank Lehman Brothers, the sale of Merrill Lynch, and the bailout of home-mortage giants Fannie Mae and Freddie Mac, hundreds of Singaporeans were taking no chances. Standing in the crowd outside AIA's offices, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy is linked to, but she was determined to sell the financial instrument at the earliest opportunity. "I'm a little worried," Foo said with a tight smile...
After receiving a record 600 sign-ups already this year, the Harvard College Democrats are revving up for an active election season, which kicked off last night with an appearance by former Iowa governor Tom Vilsack at the club’s introductory meeting. Yesterday evening, a crowd of about 250 students, mostly freshman, packed into the Tsai Auditorium in CGIS to learn more about the Dems and to hear Vilsack, a fall 2008 Institute of Politics Fellow, articulate the problems America faces and how college students can make a difference. While the organization was expecting high interest during...
...Justin R. Gerrard ’10, Justin W. White ’10, and Ben P. Arabia ’10—all fashionistas who combined their interests in design and pooled their capital to birth a new collection of luxury streetwear ideal for the collegiate crowd...
...sometimes admits is the result of years of lax Republican oversight in Washington) and added comments on a much more rewarding topic: oil exploration. As he started on the subject, someone in the audience yelled, "Drill, baby, drill." To which McCain responded, "Right. Drill, baby, drill." To which the crowd responded, chanting, "DRILL, BABY, DRILL...
...Reserve several hours before. But the news did little to calm his nerves. A day after Asian markets took a beating as investors dumped stocks in the wake of the Lehman Bros. collapse and Merrill Lynch buyout, anxiety over U.S. financial companies was still spreading. By mid-afternoon, a crowd of roughly 150 people still swarmed the entrance of AIA Singapore Ltd., many trying to pull out their funds or cancel their insurance policies. They shrugged off the blistering heat - as well as assurances from its general manager Mark O'Dell, that the company has "a strong, well-positioned business...