Word: returns
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...Paulson approach was to throw money at good banks and bad alike, so there would be no stigmatized bad ones--in return for preferred shares that promised income for taxpayers but no direct federal control. In the context of the imminent collapse of the financial system that Paulson and Fed Chairman Ben Bernanke feared, this was understandable. Now it's time for a different approach...
...dismissed suggestions that it should take full control of Citi and other big banks. The argument for a takeover is that it makes executives answerable to taxpayers rather than shareholders. The argument against it is that execs solely answerable to taxpayers won't take the entrepreneurial risks needed to return their banks to health...
Season of Migration to the North is about one man's journey from Sudan to England and his return seven years later to find that everything and everyone, including him, has changed. To make matters worse, someone else in his village has undertaken the same voyage before him--with tragic consequences. Salih's other novels include The Wedding of Zein and the Bandarshah stories, although none of them inspired the kind of devotion that Season evokes in its readers. Like my college friend, I have over the years recommended the novel to dozens of people, who in turn have done...
...league, the Big Red has a two-game lead on four contenders tied for second: Columbia, Dartmouth, Princeton, and Yale, all with 6-4 conference marks. The defending champions’ magic number is three to guarantee a return to the NCAAs. If it wins all three, boom, it’s tourney time. Win twice and if each of the other contenders lose once, same result. Lose two of four and one those teams goes 4-for-4 in its remaining games, and we’re looking at a one game Ivy League Tournament...
...table in a nondescript downtown office) of the Harare bourse, but Zimbabwe's central bank forced the exchange to shut down last November amid allegations of fraud and rampant speculation - allegations deemed spurious by Zimbabwe's small investment-broker community. To be sure, the exchange was producing annual nominal returns of 23 sextillion percent, but Zimbabwe's inflation rate is even higher, rendering the bourse's real return close to -35%. Still, the government was taking no chances. "People took every shortcut to get instant riches," Gideon Gono, Zimbabwe's central-bank governor, tells TIME. "We were protecting the innocent...