Word: funded
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Dates: during 2000-2009
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Byron Wein was senior investment strategist at Morgan Stanley until 2005, when he left to join Pequot Capital Management, a hedge fund in Westport, Conn. Each December, Wein forecasts 10 possible surprises for the year ahead, events that may not be on Wall Street's radar but nevertheless have good chance of occurring. His prescience on market issues has won him a wide following. In an interview with TIME contributing editor John Curran, Wein reviews his 2009 list and opines on the stock market's prospects...
Qasab does not say in his confession if he ever robbed the house. It doesn't really matter. Crime and terrorism are intertwined - illicit weapons-trading, drugs, smuggling and kidnap-for-ransom schemes fund terrorist networks all around the world. In Pakistan, the connection is deeply ingrained. "When someone commits a crime," says Asghar, "there are so many hands to support him but so few to pull him out. And if I feel guilty for what I have done, I go to mosque. There I am invited to jihad, and I am given a license for paradise. That is where...
...pledged - and many of those green jobs could come in the Rust Belt states that are bleeding manufacturing employment today. "What a cap does is open up the market and create a river of investment," says Steve Cochran, the national climate campaign director for the Environmental Defense Fund, which just launched a website to track the movement called Less Carbon, More Jobs...
Perhaps. But Russia has no chance of recovering until demand for steel and raw commodities increases. "There will not be a recovery anywhere until demand recovers. The horrible statistics are showing no signs of stopping," says Kevin Dougherty, a portfolio manager at Pharos Fund, one of the leading hedge fund groups in Russia. "All it really comes down to are commodity prices and demand. The government looks at the market price for oil and predicts that it will bottom out now and go up for the rest of the year...
...prison for good, and they do so for a lot less money than prison would cost the state. That's the idea behind the New York Justice Corps pilot program, in which $4.8 million is being spent in the South Bronx and the Bedford-Stuyvesant neighborhood of Brooklyn to fund 275 young offenders (18-to-24-year-olds) working to restore community centers and weatherize homes over two years. "We are making an investment in the community but also helping people see these former inmates as assets for the community," says Debbie Makumal, director of the Prisoner Re-Entry Institute...