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...Southern Hemisphere) peek through the Ravenea louvelii, the native palm. Lemurs are sleeping this time of day, though, and a sleeping lemur is hard to spot. But then our guide, Marie Razafindrasolo, stops us - perched on a branch some 20 feet up is the black and white indri, the largest of the living lemurs and the symbol of Madagascar. After a few minutes, the indri gives a high-pitched, sustained cry - a spacing call, a warning to any other indri in the area, and a sound that stays with...
...hours. At that point the market was down almost 60% for the year, its lowest level since early 2006, although it has since been boosted by measures taken by the Russian central bank and the Kremlin. Those measures, however, weren't enough to shore up the nation's largest investment bank, Renaissance Capital, which on Sept. 21 sold a 50% stake to the Russian oligarch Mikhail Prokhorov for $500 million. Just over a month ago, Forbes magazine, in a profile of Renaissance and its New Zealand - born chief executive, Stephen Jennings, reckoned the same stake would have been worth...
...given to the Chilean model,” said Soo Min Seo, a first-year masters student in public policy at the Kennedy School. Despite the weighty topics she discussed, Bachelet kept a light-hearted demeanor throughout her speech and made the audience laugh at several points. The largest laugh of the evening came when she colored her discussion about the need for a strong state with her knowledge of the current U.S. presidential race. “As a state, we can make a difference,” she said. “Yes we can. I don?...
...proposed $700-billion bailout package for no fee. El-Erian—who managed Harvard’s now-$36.9 billion endowment from 2006 until late last year—currently serves as chief executive of California-based PIMCO, one of the world’s largest bond funds. The offer comes as Congress debates a plan to purchase up to $700 billion of difficult-to-sell securities in an effort to cleanse the country’s ailing financial system. The unprecedented government intervention in the market follows a series of financial shocks in recent weeks, including the largest...
...Barclays, or whoever ends up acquiring Lehman’s U.S. investment banking operations, may end up honoring the original offers.” Lehman Brothers declared bankruptcy last week, followed by the purchase of Lehman’s North American operations by Barclays, Britain’s third largest bank. Bresnahan said he had been attracted to the 158-year-old investment bank by its aggressive recruiting process. “Lehman had events every week, ranging from panel discussions to info sessions to resume workshops,” Bresnahan said. “Lehman made it clear that...