Word: price
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...financial panic, markets for certain assets simply stop functioning, and relying on market prices to determine the health of banks would simply mean succumbing to the panic. Then again, relying on bank executives to accurately price their own assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't decided yet how exactly to do that. For the moment, determining the health of banks remains a government judgment call...
...imagination and science with fictional narratives, for which he had a “voracious appetite.” Her work has shown both the importance of narratives in Darwin’s scientific writing and the importance of his theory of evolution to Victorian writers. English Professor Leah Price ’91, who invited Beer to campus, added that Beer’s work has shown that Darwin was an important influence on Victorian novelists like George Eliot. English graduate students in attendance were well-versed in Beer’s seminal work, “Darwin?...
...fare deals may not last, however. "We are actually encouraged by the pace of our early bookings," says Royal Caribbean CEO Richard Fain. But "we're also finding that going to extreme price discounts in order to fill the very last cabin may not be as productive" as once thought. For one thing, the cruise lines still have to pay for all the new megaships they're launching these days. With more families and seniors forgoing cruises, Celebrity was smart to give its Solstice a more contemporary design for younger travelers, including a special bar for vodka-and-caviar tastings...
Cruises have been an affordable luxury for a generation now, ever since Captain Steubing and the Love Boat first weighed anchor. Yet even Gopher would be amazed at the deals to be had this year: $50 per day, about a fivefold price cut, for a four-day trip from Miami to the Bahamas on Norwegian Cruise Lines; a seven-day Alaska cruise, usually more than $2,000 per person, for $499 on Holland America and $399 on Carnival; even $699 for seven days in Europe on the more upscale Celebrity. In fact, says Ken Heit, sales director at World Wide...
...crisis. Chicagoan Shirlee Yeary says she and her husband "were going to forget our winter getaway this year because of the economy." But her travel agency, Cruise Holidays, saw a deluxe cabin for a week in the Caribbean on a brand new ship, the Celebrity Solstice, at almost half price. For $1,100 per person, Yeary, who says she's never experienced the swank side of cruising, also gets a veranda, complimentary champagne, daily hors d'oeuvres and preferential treatment on shore excursions. "I wasn't expecting this," she says. "But it seems they have to do it to keep...