Word: london
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...market's high end, new funds have launched to capitalize on the opportunity to diversify into fine instruments. Florian Leonhard, a London-based violin expert and dealer, is gathering more than $50 million for the Fine Violins Fund, aiming to buy as many as 50 old Italian instruments. Leonhard isn't alone in his confidence in the market. Emigrant Bank Fine Art Finance lends large sums of money using violins and cellos as collateral. And former concert violinist Staffan Borseman has established Stradivari Invest to advise big investors on the purchase of top instruments...
...news for corporate profits, not just bank profits. Anybody who makes things that in recent years were bought on credit, from houses to washing machines to cars, is likely to be affected. So are stock prices. "Higher borrowing produces both higher profits and higher asset prices," writes London-based money manager George Cooper in his 2008 book The Origin of Financial Crises, "while falling levels of borrowing cuts both profit and asset prices...
...first heat and repéchage, respectively.Although classes are long gone and commencement has passed too, the Crimson heavyweights are still hard at work. Its final race of a long season will be this Saturday, as Harvard takes on Yale in the 144th Harvard-Yale Regatta in New London, Conn.The Crimson lightweights took bronze in the seven-boat final, the lone men’s lightweight race, finishing behind Princeton and Yale. As expected, the undefeated Tigers dominated, winning by almost five seconds. The Bulldogs, on the other hand, narrowly emerged victorious in the fight for second, a late comeback...
Palm-Sized Lonely Planet. Now you can get Lonely Planet guidebooks on your iPhone, with apps for 20 cities, such as London, Barcelona, Tokyo and Miami. GPS mapping allows you to see all the nearby bars, restaurants and cultural landmarks in your vicinity. To get you hooked, Lonely Planet is offering the San Francisco app for free until the end of June; after that, it retails for $15.99. Click here to download...
...leaving Monday's meeting with the Prime Minister, one MP lamented missing "10 minutes of Coronation Street". Just like the popular British soap opera, the saga over Brown's future looks set to run and run. - With reporting by Catherine Mayer / London...