Word: funding
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...website that allows users to trade virtual shares of sports stars, made its debut. Sites like the Hollywood Stock Exchange have offered a similar market for actors and movies, and now the concept is trying to take root in the sports world. And while your cash isn't actually funding King James - don't expect a dividend check from his highness - the profits or losses are very real. "You've got a little skin in the game," says Michael Sroka, a 27-year-old ex-former hedge fund manager who is OneSeason's founder...
...Treasury Secretary Hank Paulson likes to talk about how soured mortgage-related securities are "clogging up" our financial system. It's not always easy to see what he means. Banks' refusing to lend to one another and companies' not being able to fund themselves through issues of commercial paper are incredibly serious and escalating problems - but almost entirely intangible...
...Community banks, credit unions and firms that lend money against receivables are in many cases booming. Sterling National Bank, a regional player in the Northeast, has taken out newspaper advertisements asking "What Credit Crunch?" and highlighting loans it has recently made - a $5 million revolving line of credit to fund sales growth, $4 million worth of credit and lease-financing to buy IT systems and software...
...husband Todd as they discussed her plans to run for governor. Palin was weighing whether to run as an Independent or a Republican, Heyworth recalls. His ballot initiative had passed in 2002, and he was in a good position to help either way. He organized a Palin fund raiser and turned over the names of 42,000 voters, largely independents who had signed his petitions...
...nothing except the hollow promise that they would never fail. When the economy began to swoon we kept spending, effectively sending ourselves rebate checks from accounts already way overdrawn, as if it would make us feel better to buy a new TV and charge it to our kids. States fund their schools, which among other things are meant to turn children into responsible adults, by selling lottery tickets...