Word: investments
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Dates: during 2000-2009
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...Slow Food movement has helped raise consciousness about where food comes from, down to the farmer," says Tasch. "We're doing the same thing with money - where does it come from, and, when you spend or invest, where does it go?" In Tasch's vision that covers everything from seed companies to farms to markets and restaurants...
...industries are alike in their greed, ambition, and self-interest. Collusion is in the best interest of both sides: Insurance companies are encouraged to drop health care, and policyholders know that mortality ensures an even bigger payout for Wall Street. And so who better than health insurance companies to invest in these new asset-backed securities? More than merely “killing Grandma,” now someone’s getting a fat check when she croaks...
Hopefully, the global economic crisis will resolve quickly, Harvard will invest in some bonds created from bundled life-insurance policies, and these impecunious days will fade into a distant memory. For now, the sweet aroma of pig fat draws me to the dining hall—thankfully, Harvard has enough sense to keep serving hot breakfasts on the weekends. But that just makes Mondays that much worse...
...perhaps the biggest nod to SEC culpability, the OIG report says the SEC's futile investigations of Madoff were ultimately used by Madoff as a means of reassuring clients that his operations were clean, and these "had the effect of encouraging additional individuals and entities to invest with...
...Three years ago, Gaddafi opted to invest his excess oil revenues in a sovereign wealth fund called the Libyan Investment Authority, which has rocketed in value thanks to soaring oil prices on the world market. The fund has about $65 billion in capital, part of which Libya has used to build five-star resorts in African capitals and to run Afriqiyah Airways, which crisscrosses the Mediterranean to European cities...