Word: march
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Several big hedge funds had already been driven out of business by such lender squeezes, starting last summer with two mortgage funds run by Bear Stearns. But Bear itself still turned a small profit in 2007. As late as the first week of March this year, there was no reason to think it was in imminent danger. Then rumors began flying that it was. Lenders refused to lend, clients refused to trade, and suddenly Bear was out of money. It was a bank run, more or less. And the scary thing was that there is no entirely satisfactory explanation...
...appears on the miniseries Retirement Revolution airing on most PBS stations on March 31 and April 7. Check local listings...
...documenting wars and tragedy and famine everywhere from El Salvador to the West Bank to the Sudan, had always told us that if he ever had the chance to photograph the Dalai Lama, he would drop everything and do it. He got the chance and spent five days in March with the Dalai Lama in Dharamsala. He was permitted into His Holiness's private residence to photograph the Dalai Lama praying and reading from Buddhist texts. In his quiet intensity, his down-to-earth centeredness and his relentless focus, he resembles the unique man he photographed...
...diminishing power supply means the Ulysses mission ends on March 30, but the textbook rewrites will go on as fresh ships continue to take the place of old ones. The Lunar Reconnaissance Orbiter (LRO), which will launch later this year, will conduct the most comprehensive surveys of the moon the U.S. has ever attempted, using cameras that can spot an object as small as a football. The mission will help scout for landing sites, as NASA is holding fast to its plans to return astronauts to the moon by 2020. LRO will also hunt for signs of water...
Hillary and Bill Clinton might be "Ready to Rumble" the Democratic Party right into a loss in November [March 17]. Her plan is to convince the Democratic leadership that Barack Obama is unelectable. But if she fails to get the nomination, she might end up persuading swing voters to support John McCain in the general election. Maybe then she would become part of the Republican strategy team...