Word: investment
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Dates: during 2000-2009
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...never thought I'd be agreeing with Republican Senator Richard Shelby from Alabama, but my assessment of the current bank bailout conforms with his response: No! Invest in infrastructure, home weatherization, worker-retraining, green-collar jobs and whatever will move us away from our oil addiction. Rather than doubling down on our already obscene national debt, we should face up to letting the chips fall and reorganizing our lives and economy around a sustainable paradigm. Bruce Garver, MURRIETA, CALIF...
...equity and property it gets too abstract and too distantly derived and then suddenly it's not worth anything anymore. And the same is true of language. When we get down into the roots of language, we're dealing with something that's not abstract, but that you can invest in and use. I think money's got to get back down to that too. But, I put $20,000 on my [New York City subway] MetroCard just in case...
...Huang Chi-lin, a translator in Taipei, is certainly feeling the pain. "I'm very afraid for my savings and especially my daughter's future," Huang says. "I don't know if my money will keep its value. I invest, but now I don't know how to invest because everything is going down, so I keep watching and worrying about it." Other Asians are taking a philosophical view of the worsening crisis. Dorothy Wong, 49, a psychiatric counselor in Hong Kong, says that a global crash could change laissez-faire attitudes about money. "I think the world needed this...
Insurance companies did invest in real estate and mortgages, he says, but not in the huge way the banks did - only about 10% of investments were in those areas industry-wide. It is those investments that have caused recent reported investment losses at MetLife and The Hartford. About two-thirds of insurance company investments are in solid, conservative instruments like federal and municipal bonds. Even AIG, the insurance giant bailed out by the federal government in September, is solvent in its insurance operation. The losses at AIG came mostly from the unrelated financial services division, which other insurance companies...
...Many university endowments do not do direct investments in alternatives, but instead invest in venture, buyout, real estate, and hedge fund partners,” Lerner said...