Word: haplessness
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...impress Ben Schott—will, according to the College, “connect [the student’s] liberal education—that is, an education conducted in a spirit of free inquiry, rewarding in its own right—to life beyond college.” The hapless freshman, who trusted the so very many rankings and social signals that assured him there was no place like Harvard for a liberal education, has been badly shortchanged. While he will have spent $3,000 on books for his classes, he will not have bought a single work of William...
...from the stock markets, though. Three weeks into April, the MSCI Pacific Index, which includes Australia and Japan, is up 10.4% for the month, and 3% over three months. The MSCI Australia Index has risen 6.6% month-to-date, the Hong Kong index 15%, and Japan 11%. Even hapless Singapore is doing well, thank you very much, boasting gains of 11.7% in the month to April 20 and 7.6% over three months.Read "China Takes On the Global Car Business...
...Ponzi scheme: the feeders and Madoff conspiring together to keep basic due-diligence issues from clients, even as Madoff lied to his own feeder-fund generals, even as he lied to government regulators. Everyone turned a blind eye, everyone was in bed on this, including down the line the hapless investor who trusted all those years. See the top 10 scandals...
Clearly a student of the history of momentum in politics, Geithner decided to strike while the iron was hot. He and hapless Fed chairman Ben Bernanke went before Congress. Geithner, who was supposed to be unemployed last week, aimed high. He asked that Treasury to be given the power to essentially liquidate large non-bank financial institutions. The department would have the ability to seize a company like AIG, sell its assets, and manage its business to do as little harm to the global financial system as possible. All of this would be accomplished using taxpayer money, but there...
...each new revelation about the bonuses paid out of federal bailout money to AIG executives. There was so much outrage, in fact, that furious red overtook St. Patrick's green as the color of the day. But in the end, what were the outraged - as well as the hapless Geithner - going to do about it? (See 25 people to blame for the financial crisis...