Word: profiting
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...describe two possible futures: one with a healthy earth but no skyscrapers or plastic bags, and one where we have ruined the world to make a profit. Which way do you currently see humanity leaning? Oh, I think it's entirely what it says in the book - it's a matter of choice. We've got two possible futures: a really horrible one and a really good one. We're going to run out of oil. It's not a renewable resource. So that will happen. Meanwhile, we are very busy in creating all kinds of new tech that might...
...that, by and large, was how the biggest players in the financial-services sector acted in the run-up to the crisis. Taking on risk from instruments like credit-default swaps and collateralized debt obligations (CDOs) was treated as a profit center, often with little oversight of the mathematical models that spit out numbers about what it was all worth. The models proved spectacularly wrong because they precluded the possibility of an outsize event. Once big shocks, like declining home prices, started hitting, the models broke down. According to a report by a group of U.S. and international regulators, while...
...risk-adjusted compensation all the way down to rank-and-file employees. In the future, we're told, decisions at firms like Citigroup and UBS about what lines of business to pursue will be made with more of an eye to how much risk comes along with the profit. Merrill Lynch's running into the arms of Bank of America and its steady-Eddie deposit base, and Morgan Stanley's and Goldman Sachs' opting to become bank holding companies can be read as early evidence of the move toward that balance...
...when the Canadian bank Toronto-Dominion got out of structured products, including CDOs and interest-rate derivatives, CEO Ed Clark was pilloried for leaving profit on the table. Clark, who has a Ph.D. in economics from Harvard, made the decision because he couldn't comprehend, to his satisfaction, the credit and equity products that were being traded at the firm. So he decided to quit the business--a move that kept his bank in the black while others suffered. "I'm an old-school banker," he later said. "I don't think you should do something you don't understand...
...Education Dean Kathleen McCarthy who stated that “more undergrads than ever are seriously considering Teach for America.” After the introduction, Kopp spoke enthusiastically for half an hour about the 18-year-old program. According to TFA’s mission statement, the non-profit institution tries to “eliminate educational inequality by enlisting our nations most promising future leaders in the effort.” TFA works by training and overseeing a core of high-achieving recent college graduates to work as public school teachers in under-served rural and urban districts...