Word: managerized
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In the country's grimy industrial trenches, the crunch is on. Kim Jong Gwan, manager of a factory west of Seoul, says he paid 74? per kilogram at the start of the year for the raw materials he uses to make plastic pipes. Today the price is $1.04. To keep...
Why should markets be better forecasters than polls? Economist Friedrich von Hayek argued that markets efficiently gather information held by widely dispersed people, summarizing it in the form of prices. In speculative markets, traders and bettors are rewarded only if they correctly predict future prices. That, Wolfers says, motivates them...
Markets aren't infallible, of course: Australian punters failed to predict the upset wins of Paul Keating in 1993 and Steve Bracks in 1999. And I.E.M. traders wrongly predicted in 2000 that Bush would win the popular vote as well as the presidency. In early July, Centrebet manager Gerard Daffy...
With Nuge on board, I was well on my way to becoming the Reuben Kincaid of the right. My next calls, however, were more disappointing. Alice Cooper announced last week that rockers shouldn't get involved in politics. And ZZ Top's manager informed me that although the group is...
"UFJ has made lots of mistakes," says Patrick Lemmens, a money manager for ABN Amro Asset Management in Amsterdam, whose fund owns shares in both UFJ and SMFG. But, he adds, the bank possesses valuable assets that both suitors find attractive. It is relatively strong in small business and retail...