Word: lynching
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Dates: during 2000-2009
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...decent living and find an apartment that is not any worse than a walkthrough triple in Winthrop. And so every summer, hundreds of Harvard seniors—artists, journalists, historians and scientists—bottle up their ambitions and enter into a loveless marriage with Count Merrill of Lynch...
...prospect still seems remote. Growth in Asia has remained relatively robust in 2008 and financial sectors sound. But Asian stock markets, most of which have plummeted by 30% or more this year, are signaling harder times ahead. Falling export growth and tighter credit are already beginning to pinch. Merrill Lynch expects GDP growth in Asia (excluding Japan) of 7.7% this year, the slowest pace since 2003. Next year could be worse if the U.S. enters a full-blown recession. "There are few signs as yet of the damaging effect but it will show up soon enough," says Ramon Navaratnam...
...been putting downward pressure on pricing across real estate asset classes," says Raj Inamdar, chief investment officer at SRM Realty Advisors in New Delhi. China, where construction of commercial and residential projects has been especially rampant, may be facing "an imminent bust of a real estate bubble," Merrill Lynch warned in a September report. A recent survey of households by China's central bank found only 13% were planning to buy property, the lowest figure since the survey started in 1999. In the wealthy industrial city of Shenzhen, reports suggest property prices may have fallen 30% from recent highs...
DIED Dick Lynch, former defensive back and longtime radio announcer for the New York Giants, led the NFL in interceptions in 1961 and '63. Sometimes chided for peppering his broadcasts with greetings to his family and stories about his football glory days, Lynch did have a solid career to boast about. He played college ball at Notre Dame, and as an eight-season Giant, he helped the team advance four times to the championship game, which wouldn't be called the Super Bowl until 1967. He played in 97 regular-season games and scored seven career touchdowns. Lynch...
...juice. The average American has nine credit cards with a total $17,000 balance. We borrow against our houses and pensions to live in a way that dares us to actually grow old. "Never invest in any idea you can't illustrate with a crayon," Fidelity mastermind Peter Lynch advised, but we embraced all kinds of investments about which we understood nothing except the hollow promise that they would never fail. When the economy began to swoon we kept spending, effectively sending ourselves rebate checks from accounts already way overdrawn, as if it would make us feel better...