Word: perring
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Dates: during 2000-2009
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...when it comes to rushing the field. Do rush after a thrilling come-from-behind victory, a win over a hated rival, or a huge upset over a ranked team. Do not rush after beating a team we should have beaten. Do not rush after a blowout (unless, as per usual, we spank the living crap out of those Yalies). And, for goodness’ sake, don’t ever rush after a loss. I’ve seen it happen to the best, and the most drunken, of us. If I’ve seen it once...
...since the advent of the credit crunch over a year ago. In that way, the $700 billion bailout works just like any social security or welfare scheme, by passing costs on to the shoulders of every American taxpayer. This bailout adds roughly $2,000 to the U.S. national debt per capita, rather than letting markets correct household prices and take down more flagship American investment banks. So today is just like...
...talk about Reserve Primary Fund, which was the first of three funds at Reserve Management to break the buck. What Reserve announced was that because of investments in Lehman IOUs, it was worth 97 cents per share instead of a dollar. In other words, it was down by 3%. Not worthless. Down by 3%. Let's keep that in mind...
...That's more or less the deal secured by Temasek, a sovereign wealth fund in Singapore, when it invested in Merrill Lynch. It dumped $4.4 billion into Merrill last December at $48 per share, but a downside protection clause meant the firm would make money even if the stock plunged to $24. It did - and then some. By late last week, Merrill traded at just over $17 a share, increasing the pressure on CEO John Thain to do a deal. Over the weekend, he sold the firm to Bank of America in an all-stock transaction worth about $29 per...
...China's largest dairy producers, after melamine was found in nine of the company's products. There have been no reports of any sickness among Hong Kong babies caused by those products. But the local Center for Food Safety said only two glasses of the tainted Yili milk per day could be enough to cause health problems in young children...