Word: profiteer
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...Actually, they could profit from the crisis. State capitalists already are picking through the carcasses of the West. The West's breakdowns could also mean that many large private investors, needing to find other opportunities, may reinvest capital in markets like China's, which has witnessed a slowdown in inflows in recent months...
...financial alchemists at Macquarie Group, Australia's biggest investment bank, never managed to turn lead into gold, but they hit on the next best thing: turning asphalt into cash. In May, the bank's shareholders welcomed a $1.3 billion profit, thanks largely to a new way of looking at highways, airports and power stations...
...ridiculous situation where you'd pay them 25 years' worth of management fees - that's crazy." The review also noted that the funds are allowed to act in ways that normal companies are not, paying dividends, for example, from capital or borrowings rather than profit...
...plan--named for a section of the Internal Revenue Code--came about thanks to a 1978 congressional provision intended to offer taxpayers breaks on deferred income. In 1980, while trying to streamline a client's profit-sharing plan, benefits consultant Ted Benna realized that the code could be used to create an easy, tax-friendly vehicle for employees to save for retirement. The client passed, but the idea took off: there are now more than 65 million 401(k) accounts, which allow participants to invest in stocks and bonds, often with matching funds from employers--all at a lower cost...
...latest civil war book was named a finalist yesterday for the 2008 National Book Award in non-fiction. “This Republic of Suffering: Death and the American Civil War” is one of five books nominated in that category by the National Book Foundation, the non-profit literary foundation that gives out the awards. The winner will be announced next month in New York City. Faust’s sixth book takes on how Americans managed and understood death during the Civil War, her area of scholarly expertise. Published early last year—just months after...