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...were due for a stock-market smackdown. For 14 months debt markets have been stressed - and practically catatonic since mid-September. "Maybe it's a surprise, with 20/20 hindsight, that stocks held up as well as they did for as long as they did," says Bob Doll, chief investment officer for equities at BlackRock. "At the end of the day, lower-quality credit and stocks do have some things in common." The fear that has made investors shy away from all but the safest of debt finally moved on to the next logical step: fear of stocks, which inherently...
...senior associate dean John A. Quelch. Alums will have the opportunity to choose from over 50 panels on topics ranging from social enterprise to agribusiness, attend keynote addresses by Gates and journalist Charlie Rose, and network at social events in the greater Boston area. Though the Business School held a celebration for current students on April 8 to commemorate the day when Harvard officially voted to establish the Business School, this weekend’s summit is in honor of the beginning of the school’s first academic year. For the alumni event, Quelch noted that the main...
...buyers have shot up 25% or more. As a result, some $15 billion worth of projects have been temporarily shelved in the past three weeks, according to the consultancy Municipal Market Advisors. Broward County, Fla., pushed back plans to borrow $170 million for new sewer and water lines. Maine held off on a $50 million bond sale meant to finance 10 highway construction projects. The airport authority in Washington, D.C., delayed a $175 million issue intended to finance the expansion of terminals...
...most of her life. In the scene captured on video, Palin stands at the front of the sanctuary while a visiting African pastor prays that God will help her gubernatorial campaign and protect her "from every form of witchcraft." Later in the same service, the pastor complains that "Israelites" held too many prominent positions in business, a comment that has further alienated Jewish voters...
...possible the parties involved are violating the terms of the Comprehensive Peace Agreement (CPA), the historic 2005 deal that ended Sudan's 21-year civil war. According to the CPA, neither North nor South Sudan is allowed to rearm in the period before a 2011 referendum is held on South Sudanese independence - unless they have express permission from a Joint Defense Board, which is then obligated to inform the U.N. peacekeeping mission in Sudan. A spokesman for the U.N. Mission in Sudan tells TIME that the mission has received no such information about the tanks...