Word: short-term
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Last year Jubilee 2000 was renamed Drop the Debt, and Bono stayed on as the group's most persuasive and high-profile spokesman. He founded DATA, which he hopes to officially launch in mid-March, as a vehicle to expand his African agenda to include short-term economic aid, lowered trade embargoes and money to fight AIDS, in return for democracy, accountability and transparency in governments across that continent. "I know how absurd it is to have a rock star talk about the World Health Organization or debt relief or HIV/AIDS in Africa," Bono says. But he also knows that...
...Last year Jubilee 2000 was renamed Drop the Debt, and Bono stayed on as the group's most persuasive and high-profile spokesman. He founded DATA, which he hopes to officially launch in mid-March, as a vehicle to expand his African agenda to include short-term economic aid, lowered trade embargoes and money to fight AIDS, in return for democracy, accountability and transparency in governments across that continent. "I know how absurd it is to have a rock star talk about the World Health Organization or debt relief or HIV/AIDS in Africa," Bono says. But he also knows that...
...investors, cash is no longer trash--it's toxic. With short-term yields at 1.4% and inflation around 1.6%, the real return on cash is a putrid -0.2%. Holding cash has suddenly become a sure way to lose money. Why, then, has Oracle hoarded $5 billion in cash? How come Cisco--which last week raised its earnings projections--has $7.5 billion stuffed under its mattress? And why has Microsoft piled up a mountain of cash $38.2 billion high? Just how rainy a day is Bill Gates expecting, anyway...
...Japan's fatal misstep was to avoid the short-term pain of closing down dud companies and faltering banks after the bubble burst, the so-called "creative destruction" the U.S. allowed in the 1990-91 recession and after the savings and loan collapse of 1988. Tokyo said it wanted to avoid layoffs, that companies would recover when the economy perked up. The real story is that Tokyo's instinctive reaction has been to dole out government contracts to construction companies and make banks provide cheap capital to keep retail empires going. (In January, the government backed a bailout of struggling...
Christopher Nolan’s Memento didn’t get nominated for the Best Picture Oscar yesterday. That was a shafting of biblical proportions. Nolan’s masterpiece told the tale of a man with no short-term memory (Guy Pearce) whose is plunged into all sorts of trouble because his memory blanks out every so often. The story is told chronologically backwards—beginning with the closing scene ending with the first—in a way that lets viewers feel Pearce’s disorientation. Few people walk the earth feeling that confused, but you?...