Word: roundedly
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...stock market stormed up Thursday on good earnings news from the bank sector, but there was bad news on another front that could undermine the surge. The second round of the Federal Reserve's attempt to restart the nonbank consumer-lending market, the so-called TALF program, went even worse than the faltering first round did last month. The poor performance is causing some Fed officials to doubt the entire premise of the effort to restart nonbank credit markets. "We know there are people out there interested in putting subscriptions together," says a Fed official, "but the larger question...
...York Federal Reserve says the second round of TALF lending amounts to just two issues for $1.7 billion in loans, divided roughly equally between auto and credit cards. The $1.7 billion is well below the $4.7 billion in loans from last month. Fed officials say they will return after the holiday weekend to try and get a sense of why the subscription was so light. (Read "Doubts Raised About Government Plan to Boost Consumer Lending...
There were two drawbacks to that model, both related to the risk of investment. The first was that founders frequently ended up owning a tiny percentage of their company as their ownership got diluted each time they brought in a new round of investment. The second was that there's often no correlation between the assumptions in a theoretical business plan and reality. Many great business plans turned into lousy start-ups - one reason for the last dotcom crash...
BROCKTON, Mass.—While pitching has been an issue for the Crimson all season—with yesterday’s Beanpot opening round game against Northeastern as no exception—there has been little to complain about regarding the Harvard bats...
April is shaping up to be a real watershed for the gay-marriage issue. First came the heartland win on April 3 from the Iowa Supreme Court. Then on Tuesday, Vermont's lawmakers defied Governor Jim Douglas with a veto override heard round the world, making their state the nation's first to establish gay marriage by a vote rather than by judicial decree. That same day in Washington, D.C., the city council chose to give legal recognition to gay and lesbian residents who have been married elsewhere...