Word: holdings
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...notion of unfettered access to communications is so uncontroversial as to seem almost trite, but it is a revolutionary demand in countries such as Iran and China where it threatens the regimes' hold on power. That's the reason that one third of the world that has any access to internet sees a version censored by their governments. Declaring a kind of soft war on this new information curtain being drawn across the "new iconic infrastructure of our age", the U.S. is now committing itself to actively undermining censorship. In China, that means going up against some 50,000 government...
...banks buy and sell investments for their own accounts rather than their clients - and other principal investments in the financial crisis is getting new scrutiny. On Thursday, Feb. 4, the Senate Banking Committee held its second hearing in a week on President Obama's proposal to keep banks, which hold federally insured deposits, from engaging in such risky businesses as proprietary trading and hedge-fund and private-equity-fund investing (all three activities contain some element of trading or investing for the firm's own account, possibly employing leverage). Many have dismissed the so-called Volcker rule, which Obama named...
...bail out one of its hedge funds. And Citigroup has poured more than $3 billion into fixing its problems with structured investment vehicles, investments the bank set up with its own capital. Like Merrill, Citi lost big - as much as $15 billion, on the CDOs it decided to hold rather than sell off. In fact, nearly every large financial firm that stumbled during the financial crisis had billions of dollars in proprietary-trading or hedge-fund losses. (See the worst business deals...
...talked to a lot of experts about this sort of sense of entitlement that women of our generation grew up with. I'm all for girl power and all of that, but I think that a lot of us are "yes women" to each other. We say, "You should hold out for the better guy. Oh yes, absolutely, you deserve the best." I think we do ourselves a disservice where we kind of inflate each other's egos to the point of unreality. Guess what? Most of us aren't all that, either. We have our good qualities, but some...
...Wednesday released a sharply worded letter from Holder to Senate Minority Leader Mitch McConnell defending the decisions made in Detroit, saying that they were "fully consistent" with policies and practices of the department, the FBI and the government as a whole. Taking full responsibility for the decision to hold and indict Abdulmutallab in the federal court system, Holder said that the President and senior national security officials discussed and rejected putting Abdulmutallab in military custody...