Word: marketeers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Some of these windfalls were the chimerical sums of weird accounting conventions. Citi, for example, booked $2.5 billion in gains - without which it would have booked a quarterly loss - because investor fears that it would go under decreased the market value of its liabilities. (Really, it's as perverse as that.) Loan losses are also still rising and could eventually swamp earnings again at many banks. But the first-quarter profits weren't entirely imaginary. As we look ahead, banks really are in a position to make money. "This is a great time to be in banking, you know," said...
...question is, Would that be a good thing? Many outside observers have argued that the financial system needs shock treatment, in which the government takes over more banks and forces the entire banking system to flush bad assets from its books. If you priced all bank assets at current market values, the banking system would be insolvent, the reasoning goes, so make them take the hit and then press restart. Those with actual banking experience, though, tend to be dubious about market pricing and counsel patience. "The banks have a lot of practice at working out troubled assets, and most...
...bankers borrowed at 3%, lent at 6% and hit the golf course by 3 p.m. It was an inefficient, seemingly archaic system. But it allowed banks to make healthy profits without taking big risks and protected the financial system from the volatility inherent in market-based shadow banking. We've now returned, temporarily at least, to something like 3-6-3. We may want to consider making it permanent...
...Fresh and Honest: Food from the Farms of New England and the Kitchen of Henrietta’s Table.” Davis penned the book to promote local farmers and products. He spoke ruefully about the difficulties small farmers face when competing with more profitable mass-market farms. But he said that he was hopeful that small farms are making a comeback as the average American starts to “care more about where their food comes from.” For example, he mentioned that there are more farms in Massachusetts now than there were five years...
...government to handle some of the revolution's murkier financial transactions, such as more than $1 billion in Argentine bond swaps, or the handling of hard currency between Venezuela's official exchange rate of about 2.15 bolivares to the U.S. dollar and the quasi-legal black-market rate of almost six to the dollar. Vargas has long denied the accusation, insisting he's not part of the "boli-bourgeoisie" (named for Chávez's Bolivarian Revolution) that got rich cozying up to Chávez while oil prices skyrocketed in recent years. He and his friends say instead that...