Word: invested
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...this case, the dutiful assistant, is in the midst of a grand tour of China with his new boss, known by the pseudonym Pat in the book, but in real life a fellow named Jack Perkowski, who in the roaring '80s had risen to become head of investment banking at Paine Webber. Theirs is not a sight-seeing tour. They are looking for places to invest millions of dollars that Pat intends to raise back home on Wall Street. They see more than 100 factories. They crisscross China, going to plant after state-owned plant...
Finally, life-cycle funds are meant to be all-in-one portfolios, yet a survey of retirement savers by Hewitt Associates found that people who invest in them held an average of six different funds in their 401(k)s. That not only undercuts the great advantage of those vehicles--ease of use--but it can also put your overall portfolio allocation out of whack, morphing you into a middle-of-the-road investor when an aggressive or conservative allocation might better suit your time frame. "Employees think this is another fund," says David Wray, president of the Profit Sharing...
...policy shift?which would have been a major one?was fleeting. A day later, the South Korean Unification Ministry official in charge of the Kaesong project, Cho Myung Kyun, seemed to contradict Ban, saying "no particular decision has been made on the project yet" and that companies planning to invest there should assume it's business as usual...
...idea that when America adjusts Social Security’s cash flow, part of Social Security should also be privatized. The plan’s publicized, if vaguely defined, line is that anyone could divert a small part of his Social Security taxes to a private account invested in “a conservative mix of bond and stock funds.” Commentators say the plan is logically analogous to the government offering to loan you money against your future Social Security payments to invest in the market...
...gender studies in his January 19 letter to the Harvard community: “As members of a university, we should do all we can to recognize and reduce barriers to the advancement of women in science. And, as academics who believe in the power of research, we should invest our energies in thinking as clearly and objectively as possible, drawing on potential insights from different disciplines, to identify and understand all the various factors that might possibly bear on the situation.” What Summers inadvertently called for was the expansion of WGS—the interdisciplinary concentration...