Word: investers
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Fang S. Ko ’05, a Biochemistry concentrator, says, “Career Week pushes undecided students in the direction of finance. Companies who are willing to invest money are the ones seeking to make money—the financial groups. And they are the ones who come to Harvard.” When asked about OCS, one Women’s Studies Major boldly states, “You need them, you need their help, but they don’t give you what you want—they try to give you what they want...
...before bonuses and adjustments). For a local official to crack down on corruption can mean that cherished development projects get delayed. Indeed, in Lianjiang, Huang's expos? has stalled the county's first apartment complex financed by outside investors. "If this becomes a big scandal, nobody will want to invest there again," says a senior Party member in Fuzhou, the provincial capital, who has seen minutes of meetings regarding Huang's case...
Better make it two eyes. In a 2003 survey by Fidelity Investments, 56% of pension managers who invest in nontraditional vehicles like hedge funds conceded they did not fully comprehend the risks. Those risks include the high hurdle of arguably extortionate fees and long periods during which you cannot get your money back, in addition to potential bet-the-farm borrowing...
...modern tricks of the wizardocracy--polls and focus groups--are not inherently malevolent. They are only as banal as the people who read them. Bill Clinton was a master: it was a focus group that taught him that it was better to "invest" in education than to "spend" on it. Clinton also knew when to ignore the polls, as he did on the Mexican bailout. Most pols aren't so clever, though. This year John Kerry and George W. Bush are relying on ancient market-tested formulations like (in Kerry's case) "Health care is a right, not a privilege...
...Over the past two years, more than 20% of Indonesia's shoe manufacturers have shut down. "The country has been deindustrializing for several years," says Hans Vriens, managing director of the Indonesia office of consulting firm APCO. "Investors don't even dare to visit this place, how can they invest...