Word: prosperity
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...sustain risk than smaller banks. When I was on Wall Street, we used to have at least 20 firms that competed in the market. My book is the story of how Wall Street started as a group of small firms, and how those firms maneuvered to survive and prosper, but in the process, most either failed or were swallowed up by others. The net result has been a positive for users of capital markets, which can be accessed more cheaply than ever before. But the success of the market has resulted in a vast accumulation of capital in tradable form...
...only exacerbated this mood. Until the federal government takes an active role in the basic economic education of its constituents, things will not get any easier. From Warren Buffet to Joe the Plumber, the economic vitality of the United States is a source of concern whether one seeks to prosper or to secure a leisurely retirement...
...population under the global poverty line. With a country of India's size and diversity - as well as poverty - there is logic in having smaller states. "It will in fact strengthen [governance] through economic and administrative convenience," says Delhi-based political analyst Paranjoy Guha Thakurta. "India can survive and prosper by breaking...
...first foreign-media interview since his re-election, the President sounded the note of change: "Bureaucratic reform is one of my top priorities and so is combating corruption. If we achieve this, we can create a conducive climate for our economy to grow and our people to prosper." Dumping a marriage-of-convenience Vice President from his first term, SBY selected respected former central banker Boediono as his No. 2 this time around; despite political pressure, he has kept on Finance Minister Sri Mulyani Indrawati, whose commitment to cleaning up Indonesia's regulatory morass has delighted foreign investors even...
...overhaul the state's aging water system. Governor Arnold Schwarzenegger called it "an historic agreement" and promised to sign into law. "Water is the lifeblood of everything we do in California," Schwarzenegger said. "Without clean reliable water, we cannot build, we cannot farm, we cannot grow, we cannot prosper." (See a story about the water crisis in the American west...