Word: rivale
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Still, it's clear that Morgan has taken a different road out of the financial crisis than its closest rival, Goldman Sachs. In the past year, Goldman has dramatically ramped up its trading desk. That move has led to big profits in the past year but the firm has also opened itself up to bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become...
...global downturn in advertising threatened to deliver the coup de grâce. In August, word leaked of proposals to turn the Observer into a Thursday magazine. In keeping with the robustly competitive spirit of British newspaper journalism, the story was broken by the Observer's arch-rival, the Sunday Times, a weekly broadsheet owned by Rupert Murdoch's News Corp. (See pictures of Rupert Murdoch...
...that perception. Instead, they have been marred by allegations of massive ballot-stuffing, mainly (but not exclusively) by Karzai's supporters. Afghanistan's Electoral Complaints Commission has ordered a partial recount, citing "clear and convincing evidence of fraud." Still, whether Karzai wins outright or faces a runoff with his rival, former Foreign Minister Abdullah Abdullah, he will almost certainly be re-elected...
...seed. In Flight B singles, Lehman had an impressive weekend, coming away with the tournament championship. Lehman dominated, dropping just seven games in three matches. The Boston College Eagles and Boston University Terriers are regular season opponents for the Crimson and are normally tough matches. The win over these rival schools should bring confidence to Harvard’s team as the season moves along. “It’s pretty clear that we are the better team,” Rosekrans said. “So it’s pretty reassuring early on. We are probably...
...more than comfortable at center-stage as she claimed first place in the Iona College Meet of Champions over the weekend. Silva mustered up an extra burst of energy to close the race with a stellar 22:35.41 and lead her teammates to victory. The Crimson women outran Ivy rivals Penn and Yale at the famed New York City cross country course, Van Cortlandt Park, and bested nationally ranked No. 21 Wisconsin. Silva led the effort by winning her first ever race over 6 kilometers at the hilly venue. Her 18-second victory helped the team to its best finish...