Word: riskier
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...good bets. The Mexican government directs at least some of the proceeds from asset sales into improving education, health care and a crumbling infrastructure -- investments intended to pay off in future economic development. Using the money to pay off foreign debt, as Argentina has done, seems a riskier course. Unloading national assets without attracting new capital is somewhat akin to an individual's selling his house to pay for a new automobile. When the car finally breaks down, there is no nest egg to finance...
BUSINESS: Pay gets bigger and safer for the boss, riskier for the rest...
...began drifting away. Major companies found they could raise funds more cheaply by borrowing in money markets, rather than turning to banks. And depositors could get higher returns and adequate safety by putting their savings into money-market funds instead of passbook accounts. The defections left banks to chase riskier business, such as Third World lending or leveraged buyouts, to keep their profits up. "Banks just can't compete with other providers of services that they have traditionally offered," says Gary Gorton, a finance professor at the Wharton School. "So banks have had what is left over...
When Jack R. Meyer arrives at the Harvard Management Corporation (HMC) president's office on Atlantic Ave. this September, he will take control of a vast investment empire which has expanded through a series of financial markets--each one more sophisticated and riskier--since its creation...
BUSINESS: Hollywood movies are bigger and riskier than ever...