Word: reviewer
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...High debt levels aren't the only problem with the Macquarie-model funds, according to a tough review by corporate governance service RiskMetrics. It found that the funds also pay too much for assets and charge too much in fees, and that their operations lack transparency. "Our real concern is disclosure," says director Dean Paatsch. "The investment funds are asset vehicles that have outsourced 100% of the assets' management to a third-party company, but the terms ? are not known...
...with the Mac model, "you don't know what your options are." In the case of B&B Power, for example, "if you sack the manager you'd end up in the ridiculous situation where you'd pay them 25 years' worth of management fees - that's crazy." The review also noted that the funds are allowed to act in ways that normal companies are not, paying dividends, for example, from capital or borrowings rather than profit...
...patchwork of windows, roofs, and lights that gleam from small light bulbs and ceiling fixtures inside the homes. A few of the houses face outward, their innards exposed, holding only tiny pieces of wallpaper and the revelation that there was nothing else inside. After falling asleep while considering this review, I found myself trapped between two “villages” like Whiteread’s in a dream, being led by an old man with white hair. I asked him where the parks were, and he replied that there were none. But where do people play? I wondered...
...about Castro.” “Aren’t we?” “You should get some rest, Dick. I’m the decider: We’re not gonna syruptish…surteptish…surseptitiously explode members of The National Review editorial board. Talk about shooting your friend in the face. What happened to our principles and talkin’ to the group of folks across the aisle? Sometimes I feel like we’ve been coasting along for a decade or more by selling folksy, hawkish nonsense next...
...Taliban has regained legitimacy in Afghanistan and Pakistan, journalist Ahmed Rashid said yesterday in a lecture at the Harvard Kennedy School. Rashid, a correspondent for the Far Eastern Economic Review and Britain’s Daily Telegraph who wrote a best-selling book on the Taliban, said that the group has become a regional security problem—not just an Afghani one—and that it is causing instability in much of central Asia. “The Taliban has become a kind of brand now, not just of extremism but a model of society...