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...fiercely protective of its existence. A "We Love the NHS" Twitter campaign has received thousands of messages of support, including one from Prime Minister Gordon Brown, whose eyesight was saved by doctors after a rugby accident as a young man. Conservative opposition leader David Cameron, whose disabled son died earlier this year, also confirmed his commitment to the service...
...which now includes a second son - watched from the sidelines until the end of last year. That's when the Choes moved back into a home of their own, a four-bedroom they plucked out of foreclosure at a 35% discount from what it had sold for two years earlier. (See pictures of Americans in their homes...
...meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously decided to pull back from the mortgage market. The firm then shorted various mortgage-securities indexes - betting that prices would fall - at the very moment that other firms were still making big long bets on the securities. Goldman avoided losses while other firms...
...years, the U.S. response to the junta's ironfisted rule has been an arsenal of economic sanctions. But Webb's confab with junta head General Than Shwe, though not an official visit, may signal a shift in U.S. policy. Earlier this year, Secretary of State Hillary Clinton acknowledged that U.S. sanctions have done nothing to moderate the junta's behavior, in part because nations like China and India have poured investment into Burma. After his mission, Webb told reporters, "Isolation is only preventing [Burma] from developing economically and politically...
...amidst the global financial crisis. According to a Securities and Exchange Commission disclosure report released in August, Harvard had 112 publicly traded equity holdings valued at over $1.4 billion as of June 30. The figures represent a significant increase from the 99 holdings worth $771 million reported three months earlier. The SEC’s 13F report only discloses a small fraction of the University’s total investments—it does not list assets such as foreign stocks, private equity, bonds, and real assets—but suggests that in rebounding from recent market turmoil, Harvard Management...