Word: protection
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...performance; yet past performance does remain a powerful market sign. Regardless of the tragic fate of Lehman Brothers, this seems like a perfect time for foreign investors to get some exposure to U.S. real estate. For if something were to go wrong, history suggests some sort of bailout will protect them, and none other than the American taxpayer will foot the bill. Despite all the talk about avoiding further moral hazard, the hefty bailout package will create nothing but more incentives for risky investors to seek sweet returns. This a tragic consequence of the package; but as long as Americans...
...matter the cost to American taxpayers, and no matter what the path of one’s economic thinking, it is clear that in the case of Fannie Mae and Freddie Mac, and, now, American International Group (AIG), the Federal Reserve did what it needed to do to protect everyday Americans from serious financial trouble. Beginning last spring with its facilitation of the sale of Bear Stearns, which left taxpayers in the hole for $29 billion, to the August bailout of Fannie Mae and Freddie Mac—an action the Bush administration had repeatedly denied it would take...
...University has also shifted towards investing in emerging markets, according to Harvard’s latest regulatory filings. Such investments provide diversification, which can protect against regional or country-specific shocks...
...catalog of environmental degradation. Franklin, 52, and a Magnum photographer for more than 30 years, found his early inspiration for the series on a 2003 trip through Andalucian farmland; it was there that he saw vast swaths of the countryside covered - and intriguingly altered - by plastic sheets designed to protect against the elements and infestation. Franklin then crisscrossed Europe (from Portugal to Russia, Norway to Greece) documenting the changes he saw. His startling work captures artificial beaches, groomed ski slopes and blade-perfect golf courses; forests, mountains and cities. Through his lens, cross-country motorways become modern-day tethers, holding...
...earmarks under the GOP Congress and highlighting the role of earmarks in GOP scandals. But when he became the Republican nominee, his across-the-board opposition suddenly became inconvenient. Aid to Israel and military housing is funded through earmarks, so McCain had to make it clear he'd protect those programs from cuts. He made a similar exception during his anti-poverty tour in April, when he visited an African-American community in Alabama that got ferry service through an earmark. He then met a Pennsylvania woman with ovarian cancer who was being treated through a clinical trial funded...