Word: marketed
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...Over the years, O'Leary has often been an outspoken critic of fund managers who underperform the market. He launched his first fund in May 2008. In the prospectus he wrote, "The recent market sell-off has provided an attractive entry point in a variety of high-quality public securities." Since that time, stocks in both Canada and the U.S. have plunged. O'Leary told Canadian business magazine Profit in June 2003, "There are a lot of idiot fund managers out there who add no value to the process at all." If O'Leary doesn't turn things around...
...Geithner said money that has been paid back by banks has gone toward paying down the Treasury's debt, but he reserved the right to reinvest the money in other banks if that became necessary. Other TARP programs are ending: Geithner pointed to the emergency program to insure money market accounts, which will end later this month. Usage of other programs, such as the FDIC's guarantee of bank debt and the Federal Reserve's commercial paper funding program, are winding down as well...
...foreclosure mitigation efforts could go on for some time. When asked why modifications hadn't reached more borrowers, Geithner answered that they are trying to do everything to expand mortgage help, but the problem defies a quick fix. "It is very unlikely that we will say that the housing market has got to the place in the next few months where it no longer needs help...
...Secretary Ed Miliband. "I think India wants to be a dealmaker - not a deal breaker - in Copenhagen," Miliband said during a visit to New Delhi on Sept. 2. Both the nonprofit sector and industry have also been organizing seminars and workshops with aims ranging from enhancing the Indian carbon market to supporting India's negotiating stance in three months. (See pictures of the elephants of India...
...Harvard, as for almost every major investor, regaining the market value lost as a result of the recent global economic crisis will take time,” Mendillo wrote...