Word: sharing
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Well, how did you do it? It felt like it was four years' worth of work. There was so much volatility. We changed the stocks around a lot throughout the year. In July, when the banks were cratering, we bought Bank of America at 18 [dollars a share], and it jumped right back up to the 30s, and we sold it there. That's not something you usually do within a month's time. Last year was really opportunistic. In a month's time you went from cheap to fairly valued - and in many cases back down to cheap...
...economists like the idea of the government buying up banks and running them. Congress seems to have little taste for it as well. That's why the government came up with the preferred-share plan in the first place. The fear is that the government would do a worse job of running the banks than the current executives. What's more, once the government owns a bank, it has to pay for everything, from keeping the lights on to severance. And that could get very costly...
...publicly held companies' CEOs have been separated from their jobs, including those from Orbitz, Borders and the world's largest meat producer, Tyson Foods. These departures were discussed in the press soberly for a day or two, the strengths or weaknesses of their replacements assessed, the impact on the share prices calibrated...
...Bargain. If you can't afford French truffles these days, try domestic. Wild Oregon truffles, which grow on the roots of Douglas Fir trees in a habitat similar to the finest truffle orchards in Europe are sought after by chefs and gourmands alike. To make sure you get your share, head to the Oregon Truffle Festival in Eugene. Among many treats, the $475 weekend package includes dinner at local restaurants, lunch the next day at a local winery, a chance to go truffle-hunting and see a truffle dog in action, and the Grand Truffle five-course dinner...
...going to be [just] Rick Perry, you'd see folks willing to put their name forward," Democratic state representative Leticia Van de Putte told the San Antonio Express. "People understand in a general election that Kay Bailey Hutchison is such an intense brand, it's hard to get market share on that one." (See pictures of Barack Obama's Inauguration...