Word: divisionism
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She has every reason to be scared, because financial services have a record of retrenching fast in a crisis. And the business in some sectors has evaporated. The volume of mergers and acquisitions, for example, is down about two-thirds from its peak in 2006, while the public stock offerings...
But as more people started using RealtyTrac data to understand the downturn, a backlash took hold, largely because of the company's method of counting the three steps of foreclosure separately; the numbers, critics said, were wildly inflated. One of the protests came from Kathi Williams, director of the Colorado...
Al Gore ’69 was here Wednesday, presumably to speak about saving the environment or, as South Park fans would claim, to warn Harvard students about the ever-growing threat of the vicious ManBearPig.Unfortunately I missed the speech in the Yard, having slept through it after dozing off...
"We are seeing companies across a wide variety of sectors that are struggling," says Sam Rovit, who heads up Bain Corporate Renewal, the optimistically named restructuring division of Bain & Company. If the credit squeeze doesn't loosen up quickly, he expects a "tidal wave of bankruptcies among large companies."
Thaksin, who was ousted from power by the military in a 2006 bloodless coup, got the news in London, where he fled in August with his family after his wife, Pojaman, was found guilty of tax evasion by Thailand's Criminal Court. (As the buyer of the land, Pojaman was...