Word: dollarize
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Dates: during 2000-2009
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...make last weekend an unqualified success, as one hopes it will continue to do for years to come. But this discussion must reach for loftier climes and address the Pub’s lifeblood: its beer. The bar serves Harpoon IPA, Guinness, and Bud Light, among others, in two-dollar pints. Also on tap is house beer Harpoon 1636, which project manager Zachary A Corker ’04 rightly referred to as a “truly ambrosial brew.” It’s a heavier ale, not unlike Newcastle Brown, and an excellent opportunity to gloat...
Which brings us to the primary reason to see “Ask Me Anything.” As the unfeeling, self-involved Fitzwilliam (a guy who asks Nick to bring him a pillow stuffed with “crisp fifty dollar bills” on a whim), Greaves was magnificent, bringing a kind of grand narcissistic vision to a character who would otherwise be merely petty. He was the highlight of any scene in which he was onstage, including a long scene in which he did nothing...
...passenger screening, prohibited items, etc. would be complex, requiring coordination between many airlines and airports. If, however, the transaction costs are manageable, privatized security policies would incentivize more rational cost-benefit analysis, leading to policies that are both more effective and innovative. Faced with the threat of multi-million dollar lawsuits and irreparable damage to their reputation (think Pan Am), airlines’ self-interest would improve flight security far more than government central planning...
...folders were crimson, not red, Cambridge never had weather below 70 degrees, Nobel prize winners wanted to play beer pong with prefrosh, and Harvard had a president whose name alluded to the time of year when the loving sun is closest to the earth. And he would sign dollar bills. Now the new president’s name alludes to a bitter scholar who makes pacts with Satan...
This trip from private equity to public conglomerate and back wasn't pointless. According to company calculations, if you count every spinoff and asset sale--plus a $2.8 billion shareholder lawsuit payout in the wake of the CUC mess--a dollar invested in HFS when it went public in 1992 would be worth more than $14 now--a 22% annual return, or more than double the performance of the S&P 500. Which means Silverman is probably worth listening to on one of the great questions of our day: Is it better for a company to be traded...