Word: funds
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...possible that amid the current credit crisis, banks have been unwilling to lend money for this trading operation. More likely, though, is that there is limited access to infrastructure for storage. A bank or hedge fund with no such infrastructure has to jump an enormous barrier to entry in order to set itself up for storage - apparently to the point of leasing supertankers...
...genie is out of the bottle. He is not going back in. Most highly paid bankers have used their money to fund their expensive lifestyles. In other words, the money is gone...
Meanwhile, GM, rather than pushing for wage cuts, is demanding sweeping changes in work rules that would make it easier for the company to staff its plants with temporary workers as well as changes to the funding of the retiree healthcare trust or VEBA. Both GM and Chrysler agreed to fulfill their obligations to fund the VEBA with stock as well as cash, as required by the terms of the Bush bailout. But the automakers cannot unilaterally change the terms of the trust, so it's on the negotiating table...
Sleepy students looking for their weekly Friday dose of free coffee from the Barker Center Café will instead now be greeted by a sign that reads: “We regret that the current financial climate does not allow us to continue to fund the free coffee program...
Harvard Law School announced Wednesday that it has received an anonymous donation of $10 million in honor of Professor Laurence H. Tribe ’62, to fund research and a faculty chair in his name. The donation will finance an endowed professorship and support teaching and research activities, conferences, and fellowships in constitutional law. Steven Oliveira, the law school’s dean for development and alumni relations, declined to comment on what connection the benefactor had with Tribe or the Law School, saying only that the donor “is obviously someone who is an admirer...