Word: interest
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Dates: during 2000-2009
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...department, AIG's other disaster, took the cash it got for lending out stock owned by AIG and invested the money in esoteric securities rather than in risk-free Treasuries, the standard practice. The idea was - I'm not kidding - to make an extra one-fifth of 1% in interest. When the esoterica, which the stock-loan folks thought was riskless, crumbled, so did the firm. (See the worst business deals...
Main Street has paid a price for the ultra-low interest rates the Fed has kept in place to encourage banks to lend and to keep commerce flowing. Cheap money is nice for lenders and borrowers - but it's devastating for savers, especially for retirees who use interest income to supplement Social Security. If you had $500,000 stashed away - not a bad nest egg - you could earn a no-risk $20,000 to $25,000 annually (before taxes) two years ago buying bank CDs or short-term Treasury securities. Now you earn less than $5,000 in an average...
...seen from two bubbles (tech stocks and houses) that have burst within the past decade and two more that are in the process of popping: commercial real estate and leveraged buyouts. Even though there are plenty of decent people on Wall Street, the Street's primary interest is its own well-being, not yours. Don't forget that. You'd better take care of yourself, because there's no one else...
Robert H. Giles, Curator of the Nieman Foundation, said that falling circulation rates indicate a growing interest in free news among the public, and as a result, waves of layoffs have hit many newspapers across the country...
...first to admit that I simply don’t identify with whatever feelings prompt my friends at other schools to post rallying cries such as "Go Cats! F**k ’em up!" on their Facebook statuses. I cannot claim more than a moderate interest in football as a sport, and I probably won’t fall apart if Harvard doesn’t win the Ivy League championship. But the great thing about school spirit is that it requires no rationale or justification. I deck myself out in Harvard gear and cheer loudly at games mainly...