Word: profiteer
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...financial meltdown. Maleness has become a synonym for insufficient attentiveness to risk. Journalists have lately been having a field day with a study by two Cambridge University professors, J.M. Coates and J. Herbert, who sampled the testosterone levels of London traders and found they positively correlated with high-profit trading days. Of course, nobody harped on this research back when housing prices were doubling and people were using their home-equity credit lines to buy third cars. But to paraphrase Richard Nixon's comment about Keynesians, we are all feminists...
...notebook quickly filled up with scribbles like "nanostructure??" and "Chu recommends polymer" and "don't think Hazel O'Leary got this briefing." Chu's only simple question - aside from "Will this explode?" - was "What percentage of your profit goes to science?" About 15% to 25%, the CEO explained. "That's very good," Chu said with a sigh. The entire visit reminded Chu of the futuristic spirit he loved at Bell Labs. "This was a power company, but it had the flavor of a high-tech company," he told me later. "They're looking at the long view." In short, they...
...carried both the text of Petraeus' prepared remarks - including the ponytail crack - and a video of his talk. On Thursday, the Air Force Association daily newsletter called Petraeus' remarks "beyond outrageous" and said they "belittled the contributions of the Air Force to the joint force." The association, a non-profit educational group that supports the service, said the comment is "symptomatic of the long-held belief of many ground commanders that airpower is no longer, if it ever was, relevant." A Petraeus spokesman didn't return calls seeking comment...
Mortgage REITs make money through spreads: the wider the spread - or gap - between funding costs and yields on mortgages they purchase, the bigger the profit...
...bigwigs, facing fresh competition from the DPJ, have also been making appearances back on their home turf. "Big shots are going back to their constituencies for the first time in years - to make a cleaner impression," says Daigo Sato, of dot-jp, a non-profit that places students in Diet internships. Fumio Kyuma, former defense minister and LDP representative of Nagasaki-prefecture, has recently made the rounds in order to secure a 10th term now that he's up against 28-year-old female DPJ candidate Eriko Fukuda. Fukuda not only represents the DPJ in age (on average, DPJ members...