Word: erraticism
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So Asia doesn't need to worry? Hardly. With the notable exceptions of China and India, key countries in Asia are growing at about 2 percentage points a year more slowly than they were before the crisis, largely because of lower investment. Thailand's banking and corporate sector is in...
There are other reasons to steer clear. In its IPO filing, Blackstone was very blunt about how erratic profit can be. That may be the nature of the private equity business model - buying existing companies and then spending years fixing them up before reselling and realizing gains - but it also...
Harvard College Library employee David S. Toomey was arrested at the Alewife T Station yesterday morning after allegedly implying that he had a bomb in his backpack, a Massachusetts Bay Transportation Authority (MBTA) official said last night. He will be arraigned in Cambridge District Court this morning on charges of...
The demonstration, perhaps the largest in the Soviet Union since the advent of perestroika five years ago, only served to sharpen the conflict between the country's two most prominent politicians. On one side is Mikhail Gorbachev, the father of perestroika and glasnost, the brilliant if testy infighter whose policies...
Though it rolled into the Ivy League Championships with seemingly unstoppable momentum, the Harvard women’s golf team found itself dragging to a disappointing finish, finally slowed down by this year’s cold, wet spring. The narrow, tree-lined fairways and fast, sloping greens at the...