Word: maranes
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...shares are down 8%, to a recent $3.50. That compares to a drop of just 2.5% in the same time for JPMorgan, which was deemed to be among the banks that are relatively healthy. "I think Citigroup is an interesting stock, but we don't own it," says Edward Maran, portfolio manager of the Thornburg Value Fund. "If the government gives the company the time to earn its way out of its problems, then I think the stock has a lot of upside. The question is whether it will...
Everything then seemed to fit into place: the environmental plans pushed by the E.U. were cleared, as were new issues of investment, competition and procurement. But then India?s Commerce Minister, Murasoli Maran, stunned the ministers by announcing he could not accept the deal. Under the WTO?s consensus rules, objections from just one country are enough to paralyze decisions. For 10 hours, the gutsy Maran took on the entire WTO until he was assured that the new issues would not be tackled for another two years. Was he intimated by the E.U. and the U.S. during the standoff...
...ropes like some ancient tug-of-war with the backwaters. The men win, but the prize is paltry: a few eels and some nondescript fish, no more than 15 kg in all. But the fishermen seem happy enough. They break for a smoke. I ask one of them, Maran, if he knows why the nets are called Chinese. "They came from China," Maran replies. Does he know when? "Long time ago, before my grandfather's time." Would he care to guess how many years ago? "Maybe 200, maybe more...
...have risen accordingly. If you missed Big Oil's runup, consider Not So Big Oil: companies such as Conoco and USX Marathon have been relatively ignored by investors, but they're turning analysts' heads. "These are companies whose profits have exploded while their share prices remain dormant," says Ed Maran of A.G. Edwards. While a company like ExxonMobil may be stronger in terms of distribution and product diversification, "a barrel of oil is a barrel of oil--no matter who owns it," says Paul Cheng of Lehman Brothers. He also believes that the current differential of 40% to 50% between...
...film or TV, must supply their own contexts to make sense of what they are seeing. Faced with something new in their visual experiences, they are likely to jump to questionable conclusions. After watching three comet fragments pound, at around 130,000 m.p.h., into Jupiter's dense atmosphere, Steve Maran, an understandably elated NASA astronomer, called the sight "the greatest one-two-three punch of all time." Meanwhile, Filippo Grandi, director of emergency aid for the U.N. High Commissioner for Refugees, surveyed the unimaginable conditions around Goma, % the sleepy Zairean border town that had suddenly filled with over a million...