Word: funds
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Bernard Madoff's $50 billion Ponzi scheme continues to rock the financial world. But most hedge funds actually engage in similar - albeit legal - practices in the short run. In the past, these practices helped inflate their gains as well as hedge-fund managers' salaries and bonuses, but recently they helped bring about the failure of many major hedge funds...
...done an admirable job under trying worldwide economic circumstances, and as a result America’s 2008 Gross Domestic Product growth was higher than that of the United Kingdom, Germany, France, Italy, Spain, or Japan, as well as the average for advanced economies, according to International Monetary Fund projections. President Bush has also made an unprecedented effort to reach beyond our borders and save lives overseas. His efforts to fight AIDS in Africa have been extraordinary. In Vice President-elect Joe Biden’s own words, “The president’s Emergency Action Program...
Rachel Kung'u shares that cynicism. Her volunteer work has been hampered, in part, because she will no longer seek money from the government's youth development fund. Associating with the government would, she says, undermine her credibility with kids who are likely to do the fighting. "What we have always done is avoid working with the government," she says. "We are making a small difference now, but if we joined politics, they would change us into one of them or we would make no difference...
...beyond U.S. shores long before global investing became commonplace, and that made him a financial legend. His success lay in patiently waiting for prices to reach "points of maximum pessimism." In addition to leading me into global emerging markets by asking me to manage the first Templeton emerging-markets fund, he taught me and others how to become investors by pursuing long-term goals and undervalued securities. He taught us that in order to find the best investment opportunities, you must open your mind to all possibilities around the world. More important, he showed us that if you want...
...backing of his daughter's career has sparked some criticism, especially during her 2002 bid for the AG's office. Of all the races that year, hers was the single candidacy endorsed by the state Democratic Party and the only one it helped to fund. The now 42-year-old former state senator and lawyer, a graduate of Georgetown and (like her dad) Loyola Law School, took some degree of heat for her inexperience when she won the post; it didn't help matters that she had to return $25,000 in campaign donations from what turned...