Word: prospecting
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...stock market, you have to think of it as a forecaster. The market looked into the future and saw a horizon darkened by a complete collapse of lending and the prospect of a long, deep recession. So Paulson and Bernanke changed course, as have some investors. "We can always adjust our retirement plan by a couple of years just to ride this out," says Linda Gallegos, 54, of Golden, Colo. She and her husband Gary have two 401(k)s. "I've been thinking, Oh, my God, this could be bad. But I feel pretty powerless to do anything...
...also generate enough in insurance premiums to protect the FDIC and thus the individual deposits that millions of Americans think of as safe. Paulson had asked the FDIC to stand behind loans between banks. To Bair, that meant a whole new category of risks on her ledger and the prospect of greater FDIC payouts if the big banks cratered. In the end, Paulson and Geithner agreed to Bair's demand for higher insurance fees from banks getting federal bailout money; Bair agreed to guarantee the interbank lending...
...Somebody needs to remind Dartmouth that there is no draft in college football and tanking every game will not result in a No. 1 pick stud prospect that will ride into Hanover on a white horse and save a pitiful program. The Big Green has lost each of its four games by at least 13 points and, even if there were such a thing, a 34-7 loss last week to Yale would not count as a moral victory. At least Columbia looks like it’s trying...
Eliah Z. Seton ’04, the grad board president of the Krokodiloes, credits the group with persuading him to go to business school. But what attracted him to the Kroks initially was not the prospect of leadership opportunities or organizing a six-continent tour. “I guess what it really comes down to is the fact that the twelve guys onstage looked like they were having so much fun that I wanted to be a part of that fun,” he says...
...began in the U.S. "The situation is frightening and we just don't know how bad it will get," she says. "People order smaller bouquets. The hotels still order arrangements. And there are funerals, of course. But for many people, flowers have become a luxury." Eisenach faces the unsettling prospect that new cars are now a luxury, too. - by William Boston