Word: stocking
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...owners of the Minneapolis Star-Tribune went into bankruptcy, and one of the last African American dailies, the Chicago Defender, converted to a weekly publishing cycle. Two of satellite radio's pioneers - Sirius and XM - merged to avoid mutual failure, along with 42 mergers and acquisitions among consumer magazines. Stock for General Electric, which owns NBC Universal, lost more than half of its value in 2008, fueling rumors that GE might sell its NBC subsidiary, though the company's chairman, Jeffrey Immelt, has denied such claims...
...Krauthammer’s belief that Obama should respond to the financial meltdown only so far as to rehabilitate the stock market, restore bank balance sheets, and return to the status quo of increasing income inequality once credit begins to flow again. But Obama is smarter than to think that the problems in the economy begin and end with a housing bubble or reckless banking practices. If the economy is not restructured, health care—even in a bull market—will remain unaffordable for most American businesses and families; paying for college—even...
...York City and London. This recession is global, and the implosion of the financial-services industry means job prospects back home are even bleaker. American Marc Rudajev, a 37-year-old ex-hedge fund manager whose $350 million fund dissolved in the middle of 2008 as global stock markets swooned, is one of the Singapore expats not hurrying home. "This economic crisis is affecting every country," he says wearily. "But if there is a glimmer of hope anywhere, it's here rather than...
...Westerners who elect to stay need to lower their expectations. Ex-hedge fund manager Rudajev is adjusting to a humbler lifestyle. After his fund closed, he accepted a sales position at a Singapore-based stock brokerage for a modest salary. "We're not eating out as much," he says. "We're cutting back on holidays." Even so, he has decided not to pull his two children out of their international schools, and he still frequents the American Club sports bar, where the TV screens hanging from the ceiling blare more CNBC financial news than football or tennis. Most evenings...
...factor: Beauty. Lowell looks good. Really, ridiculously good. That tower, the brick, the classic enclosed-quad design...if you want to show people a Harvard House, bring them here. This place was built to be gorgeous in green ivy and stunning in snow. If you want a stock Harvard story to tell, just give them the brief rundown of the famous Russian (now replica) bells. Lowell is built like a fortress, and on the inside it feels like a sanctuary from the hustle and bustle of Harvard life...