Word: financees
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But simply responding to calls to stop the slide in certain stocks - Morgan Stanley CEO John Mack put in a personal call to the SEC - isn't necessarily the best policy. Short sellers, as anyone in finance will tell you, often provide very useful early signals about the weakest players...
French leftists have long slammed the U.S. economic system as "savage capitalism," and many a right-wing Gaullist has been prone to agree: in 2005 then French President famously said that "ultra-liberalism" - French parlance for the unbridled marketplace - is "as disastrous as communism." For decades, any episode of turbulence...
Banks also learned lessons from the 1997-98 financial crisis, which was partly caused by weak risk management. Lenders haphazardly tossed money at conglomerates for questionable industrial projects and property investments, and they chased high-yield, high-risk investments around the globe. But they paid the price in bank and...
Wither this fascination with accounting? Since the answer to that question is likely tied to Harvard students’ propensity to find jobs in the financial field, it comes as no big surprise that some students are interested in 15.501, Corporate Financial Accounting. But why is it that Harvard students...
This weekend, ANC heavyweights hastened to calm fears of instability in the wake of Mbeki's resignation. Members of cabinet had last week threatened to resign if Mbeki went, but after meeting with the ANC executive leadership over the weekend, most indicated that they would stay on, including highly respected...