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...presence at the Law School didn’t long go unnoticed. Nesson rose quickly to the top of his class and stayed there, graduating with the prestigious Fay Diploma, awarded each year to the third-year law student with the highest cumulative grade point average. In the notorious pressure cooker that is Harvard Law, word traveled quickly about his academic achievements, but Nesson hardly seemed to be straining. “He seemed to be a very nice guy, very amiable, not the catatonic types that you often find at Harvard law school,” recalls classmate Thomas...
...recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the jumbo-mortgage limit, rose 127% in the first ten weeks of this year compared to the same period a year ago. Bloomberg, reports that "about $500 billion of prime-jumbo mortgages are bundled into bonds, according to Memphis, Tennessee-based FTN Financial." The default rate on those bonds may rise as high...
...recession has been good to McDonald's. As consumers trade down to cheaper, faster food on the go, McDonald's has kept up its growth during the downturn. Same-store sales rose 4.3% for the quarter that ended March 29. Profits were up 4%, to $980 million. In this economy, that's an explosion...
...Overall Happiness: "Life satisfaction rose or remained constant in 23 countries and only declined in Portugal, Hungary, the United States, Canada and Japan. The rise in life satisfaction in Turkey is particularly striking. ... While Mexico shows the lowest income among OECD countries, at $10,000 per capita, Mexicans report being almost as satsified with life as OECD's highest income country Luxembourg, at $55,000. ... Korea now has the highest suicide rate among OECD countries (around 22 deaths per 100,000 individuals). Ireland shows a marked regular increase of suicide rates with a peak in 2000, followed by a small...
...factors making technicians ebullient is that the number of stocks going up recently far outnumbers the number of stocks sinking. Last week, for instance, nearly 2,165 New York Stock Exchange traded stocks rose, while only 1,009 fell. Market technicians say that is good sign for shares because it means investors are optimistic about the fortunes of a broad range of companies and not just one sector of the market. Technicians also like the fact that historically most rallies last much longer than two months, and that the market hit its low twice, before rebounding. In the past...