Word: sharings
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...possible. "It may not be perfect," Hutchins, 33, says, "but, golly, is it good. I believe in this thing. And I'm not interested in putting this in a drawer." On putting his work out for free, he explains, "If I can't sell it, I might as well share...
...Another way banks sought to boost their profits - at least those available to shareholders - was through stock buybacks. Investors cheer buybacks, because they shrink the number of outstanding shares, boosting a company's profits per share and usually its stock price. But corporate stock purchases also decrease banks' capital, because their earnings are used to purchase shares rather than being retained as cash. Worse, sometimes banks borrow money in order to buy back shares, upping their leverage and lowering their capital at the same time. In the past four years alone, the nation's largest banks, as defined by Standard...
...delight of investors, BofA was pushing for the freedom to make risky loans at the same time it was aggressively repurchasing shares. Since 1998, it has spent $62 billion on share buybacks, according to S&P. The result is that over the past decade, BofA's tangible-capital ratio - the amount of tangible equity in relation to tangible assets - has nearly halved from 5% in 1998 to 2.8% in the third quarter of 2008. It became a bank built on air. (See pictures of scared traders...
Over the last two years, in the PC business Michael Dell has been beaten like a rented mule. His company continues to lose market share particularly...
...response to the pastor shortage is "yoking" two congregations to share a circuit-riding minister--and one salary. Along the Minnesota--North Dakota line, the yokes stretch thin. Jeff Gustafson, in the town of Warren, Minn., adds a degree of difficulty: he's Methodist, but one of his two yoked churches is Presbyterian. Another pastor travels 200 miles (about 320 km) every weekend to serve five churches. A botched three-pastor attempt to connect three already yoked churches (including Grue) with four more resulted in, among other things, shut-ins being overlooked and not receiving Communion for years...