Word: lacked
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...High debt levels aren't the only problem with the Macquarie-model funds, according to a tough review by corporate governance service RiskMetrics. It found that the funds also pay too much for assets and charge too much in fees, and that their operations lack transparency. "Our real concern is disclosure," says director Dean Paatsch. "The investment funds are asset vehicles that have outsourced 100% of the assets' management to a third-party company, but the terms ? are not known...
...Paatsch says that in the current market turmoil, the lack of such information erodes confidence. Investors whose shares in a fund lose most of their value would normally want to sack the manager, but with the Mac model, "you don't know what your options are." In the case of B&B Power, for example, "if you sack the manager you'd end up in the ridiculous situation where you'd pay them 25 years' worth of management fees - that's crazy." The review also noted that the funds are allowed to act in ways that normal companies...
...think people got the message when Nas said [in the title of his 2006 album] Hip Hop Is Dead. There was just a lack of creativity, a lack of fresh energy in the music. When people don't stretch and expand and try different things, music gets boring. That's what hip-hop was suffering from--a bad case of monotony...
Excrement. Stool. Defecation. S___. This unlikely tour of the underworld of human waste grew out of the author's 2006 series on sewage for the online magazine Slate. George, an accomplished London-based writer, has inarguably hit on an important topic. As many as 2.6 billion people lack sanitation--meaning no access to a latrine, a toilet, a bucket or even a box. The health consequences are, not surprisingly, catastrophic: "A gram of feces," George writes, "can contain 10 million viruses, 1 million bacteria, 1,000 parasite cysts and 100 worm eggs." The privileged Westerner winces. Yet in an upbeat...
While William Claxton's sophisticated eye left an unparalleled photographic legacy, his gracious manner and refreshing lack of ego left an even deeper lasting impression...