Word: rising
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...demise of competitors is good for profit margins. For the past 40 years, the rise of a shadow banking system of securitization, investment banks, hedge funds and private-equity firms has taken business from conventional banks. Now much of that shadow banking system is gone, and the surviving banks - battered as they may be - are gaining market share in everything from mortgage lending to investment banking. As Wells Fargo shareholder and Goldman Sachs bondholder Warren Buffett put it on CNBC in early March, "This is a great time to be in banking, you know, if you just get past...
...Chikamatsu Monzaemon’s ‘The Love Suicides at Amijima’ is really fun... In this, what’s really interesting is these two playwrights are contemporaries and have never heard of each other, but they’re both writing dramas about the rise of a bourgeois merchant class in an old feudal society. So, it becomes an interesting conjunction to think about that. Leo Damrosch: This semester I’m teaching two courses that are old favorites of mine, one of them is called “The Enlightenment Invention...
...authors of a book on the interface between internet and politics ascribed a recent national political realignment to the rise of a “Millennial Generation” immersed in on-line, social-networking technologies at an Institute of Politics event yesterday. Authors Morley Winograd and Michael D. Hais, together with Kennedy School professor Elaine C. Kamarck, emphasized the centrality of a young generation—born between 1982 and 2003—to the rise of the Democratic party in the 2008 election, and said that the influence of this “Millennial” voting bloc...
...undergraduate, Bennett attended Deep Springs College and finished his B.A. in English at Harvard University. He received his Masters of Fine Arts (MFA) from the University of Iowa Writers’ Workshop and is earning his Ph.D. in English at Harvard this year. His dissertation is on the rise of creative writing programs after World War II. He is currently working on his second novel.“Writing fiction while doing a graduate degree in English is probably something like being gay in the Army,” Bennett says. “Half your colleagues are titillated...
...government's recently released 2009 International Narcotics Control Strategy Report backs up those suspicions. Guatemala also has an unusually high number of luxury cars and high-end real estate purchases, Lee says, and buyers often pay in cash. Guatemala City has seen a boom in fancy high-rise apartment and office buildings in recent years, which authorities and analysts suspect is driven in no small part by money laundering. "One can find entire condominium complexes that never sold" any units, says Lee. (See pictures of drug lords' latest cocaine hubs...