Word: stockely
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...past, he's made a fortune with similarly contrarian bets in devastated emerging markets, most memorably in Russia after it defaulted on its debt in 1998. At the time, says Weiss, the entire Russian stock market was valued at about half the price of the U.S. company Home Depot. Now, markets in countries like Russia, China, Vietnam, Brazil and India - all adored by investors until recently - have crashed. But Weiss still isn't ready to plunge in. "I don't think the emerging markets are cheap enough yet," he says. "I don't think people hate them enough...
...Over the past eight years, the Bush administration has repeatedly tightened the purse strings of the NIH; today only one in every four grant application is funded. Federal budget constraints will continue to tighten in the next few years, even if the credit markets begin to thaw. As the stock market continues to fall and central banks race to cut interest rates, the future of all institutions, especially nonprofits, is hazy. Because of this, Harvard needs philanthropy—particularly for scientific research—now more than ever. Donations are crucial for the development of higher education...
Rajaram, a former financial analyst at PricewaterhouseCoopers and Sony Pictures, left two suicide notes - one for police and another for family and friends - and a will. "I understand he was unemployed, his dealings in the stock market had taken a disastrous turn for the worse," said Los Angeles deputy police chief Michel R. Moore. "This was a person who had been quite successful in this arena." Amid news of the global financial crisis and the credit crunch, this murder-suicide has become emblematic of the times - in its way parallelling the deathly plunges of Wall Street stockbrokers...
...Partners, a start-up consulting firm. A 2001 story in the Daily Telegraph of London, under the headline "Bust, but big bucks for the big boys," called Rajaram a "winner" in a deal for NanoUniverse, a Los Angeles- and London-based venture fund taken public on the London Stock Exchange, the Los Angeles Times reported. For a 12,500-pound investment, Rajaram, one of the company's founders, received 875,000 pounds - or about $1.2 million in 2001 dollars - after a voluntary liquidation, the Telegraph reported...
...carnage on Asian stock markets intensified on Wednesday as panicky investors looked for a coordinated response from the U.S. and Europe to stem the deepening financial crisis...