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...riskiest borrowers, and a deep recession could drive up the default rate among those companies. But current lofty yields imply investor expectations that one-fifth of these bonds will default, according to Moody's, even though the recent default rate in this sector has been around 3%. Notes Kirk Hartman, chief investment officer for Wells Capital Management, a division of Wells Fargo bank: "Spreads [over Treasuries] in the bond market are pricing in a depression scenario, while the equity markets, despite a substantial decline, are pricing in a recession." (Read "The Recession Is Made Official - and Stocks Take a Dive...

Author: /time Magazine | Title: Stocks Say Recession, but Bonds Say Depression | 12/11/2008 | See Source »

...with Nauman. While the sophomore standout’s performance earned tremendous attention, the Crimson’s co-captains ensured that more than one wrestler would share the spotlight.No. 5 Caputo took the silver medal, running his regular-season record to 11-0 before falling to second seeded Kirk Smith of Boise State in the finals. The 3-1 decision marked Caputo’s first defeat outside of the NWCA All-Star Classic, but the hard-fought bout did not tarnish a stellar overall effort.The 2007 All-American cruised through his opening four contests, surrendering points only...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Impressive 11th Fueled by Strong Individuals | 12/7/2008 | See Source »

Young pragmatists like Ryan and Mark Kirk, who heads the moderate Tuesday Group, appear to be looking for an issue-by-issue approach - rather than a grand ideological transformation of the party - to manage the surge of Obama power that is preparing to hit Congress next January. They'll offer a deal on energy - most likely permitting more offshore drilling in exchange for various incentives for green energy - but resist tax hikes, a change in union voting rules or other measures that are opposed by small business...

Author: /time Magazine | Title: Congress Gets Ready for the Obama Era | 11/6/2008 | See Source »

...KIRK vs. SULU: Fight...

Author: /time Magazine | Title: Pop Chart | 10/30/2008 | See Source »

...rally in GM shares as well as the shares if its dependent suppliers. But we increasingly view such a rally as potentially tenuous," said J.P. Morgan's Himanshu Pate in a recent note to investors still hanging on to shares trading at historic lows. That no longer includes Kirk Kerkorian. The Los Angeles mogul, who has made a fortune buying and selling auto stocks over the past two decades, dumped his big block of Ford shares at a substantial loss, saying there was more opportunity in gambling...

Author: /time Magazine | Title: Detroit's Big Three Near the Brink | 10/24/2008 | See Source »

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