Word: effective
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...come the ripples. At business schools around the country, 'tis the season for MBA recruiting. But for Wall Street wannabes who banked on school yielding a six-figure finance job, bitter reality is setting in. Offers from financial firms are slowing, as budgets get slashed and freezes take effect...
...That exec was Henry Paulson, then the CEO of Goldman Sachs, now U.S. Treasury Secretary. Four years later, the SEC complied, amending the rule; the effect was to allow Wall Street to borrow even more money to finance its businesses. At the most aggressive investment banks, leverage ratios reached 30 to 1. That is, for every dollar in equity capital the firm had, it borrowed...
...good news is that most economists believe all the weaponry the government is throwing at the problem will eventually have an effect. Interest rates are low and probably headed lower. More fiscal stimulus is on the way. Many economists are currently forecasting a couple of quarters of outright economic contraction. But many see a resumption of slow growth by the second half of next year. The sky, in other words, is not necessarily falling...
...strangely enough, the cumulative effect of reading these works is uplifting. Despite appearances, Nadeem is no pessimist. In fact, Selected Plays can be moralistic, even histrionic, with endless interludes of Punjabi folk songs and qawwali choruses. They are not horrors but shock-dramas (one, Burqaganza, was banned last year by Pakistan's Minister of Culture). Ultimately, Nadeem's theater is passionately fired by faith in Pakistan's potential for change and in the sanctity of life. If only those who ram explosives into hotels and busy markets would feel the same...
...wealth around" with his tax policy and Joe Biden's suggestion that a President Obama would face a foreign crisis soon after taking office. The attacks didn't transform the race, but the rare Democratic missteps were efficiently exploited by the GOP. Republican strategists are worried about the spillover effect of all the new voters Obama's campaign has registered on down-ballot races, particularly in areas with large African-American populations and college towns. A big Obama victory, with campaign cash spread around, could turn a bad year for the GOP into a truly terrible...