Word: financiere
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Although the U.S. economy has been nothing but sunshine, it has been a terrifying year in world markets: famed financier George Soros lost $2 billion in Russia last summer; a hedge fund blessed with two Nobel prizewinners blew up in an afternoon, nearly taking Wall Street with it; and Brazil...
Lee Iacocca, father of the Mustang and the minivan, the impresario who engineered one of the most audacious corporate comebacks in capitalist history, left Detroit with a historic legacy. But no sooner had the Chrysler chairman stepped down in 1992 than the wheels began to fall off. His third marriage...
Black home ownership trails that of whites by nearly 30 percentage points--a gap Fannie Mae hopes to close. The federally chartered mortgage financier announced a partnership with the N.A.A.C.P. and BankAmerica last week to provide $110 million in financing aimed at helping disadvantaged blacks and other minorities obtain a...
The Rhodes Scholarship was established in 1904 by the estate of South African financier and politician Cecil Rhodes, who wanted to bring students from nine beneficiary countries to England's Oxford University, his alma mater. Rhodes hoped to promote international understanding and harmony.
The end of the slumber comes two years after Ted Turner hectored his fellow billionaires to stop hoarding their market-inflated wealth. Last fall Turner (who is vice chairman of Time Warner, TIME's parent company) pledged $1 billion of his now $6 billion fortune to the United Nations in...