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...institutional investors (such as pensions funds and insurance companies), wasn't that it was losing value but rather that so much money was being withdrawn. The fund was going to be forced to dump a big block of its holdings, and flooding the market like that has the effect of driving down security prices - thereby driving down the value of the fund you want to keep at $1 per share. "The investors are almost as important as the investments here," says Peter Crane, money fund expert and CEO of Crane Data. "A full-blown run would be perilous." That...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

...answer, if the recent behavior of other sovereign wealth funds and foreign private equity houses is any indication, may be to deliver, in person, a simple message: No. Not again. Not unless you structure a deal in such a way that we simply cannot lose. Otherwise, goodbye. That, in effect, is what Sameer Al Ansari, the CEO of Dubai International Capital, told Wall Street earlier this summer. He had had discussions "with all the people you'd expect" in the pantheon of U.S. finance regarding a possible investment from his fund, he told TIME. Wisely, it turns out, he told...

Author: /time Magazine | Title: Why China Won't Come to the Rescue | 9/19/2008 | See Source »

...Frederick said.“Alas!” cried Roxanna in virginal distress. “She is ill again?”“Yes, again,” said Frederick, allowing his hair to fall across his face, creating, thought he, a brooding effect. “As are we all.”“Surely not, sir,” said Roxanna, with a feeling heave of her rustic bosom. “The air and sunshine are so clear and fortifying here. The whole outdoors smells only of pleasant things...

Author: By Lesley R. Winters, CRIMSON STAFF WRITER | Title: The Stable Boy | 9/19/2008 | See Source »

...Even if the Olympics haven’t had an effect on students’ motivation yet, Kirby appeared to have a few ideas about how to change that...

Author: By Christian B. Flow, CRIMSON STAFF WRITER | Title: Dept. Sees Beijing Bounce | 9/18/2008 | See Source »

Doubtlessly, a moratorium on private-school students would have a huge domino effect (property values, angry donors) that we can’t yet fully grasp. There are many reasons why Harvard most likely won’t heed my advice (and, probably, shouldn?...

Author: By Nathaniel S. Rakich | Title: Reverse Elitism | 9/18/2008 | See Source »

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