Word: stockings
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When Chinese stock markets soared into nosebleed territory, quadrupling in 2006-07, Chinese mom-and-pop investors tried to convince themselves they would be spared bloody noses because Beijing was hosting the 2008 Summer Olympics. Feel-good investor sentiment surrounding the August Games, the thinking went, would prop up overvalued stocks, allowing time for revenues of booming Chinese companies to grow into their inflated share prices. When markets were peaking last fall, some investors predicted that the government would tweak the economy to keep it roaring during the Olympics year, and that if all else failed, China's regulators would...
...PROS: Yahoo just began testing out AdSense, Google's Internet advertising platform, on 3% of its search queries. Since Google is more effective at making money from search than Yahoo, this would boost Yahoo's revenue. That, in turn, would raise Yahoo's stock price and shareholder value...
...instant messenger users, the buzziest celebrity news site (AOL's TMZ.com), a leading business site (Yahoo Finance), along with a popular tech blog, (AOL's Engadget). The cash infusion from Time Warner (in exchange for a 20% stake in Yahoo/AOL), would enable Yahoo to buy back some of its stock, which would likely elevate its stock price. "The chief benefit to Yahoo is the avoidance of a Microsoft deal," notes analyst Greg Sterling...
...much hasn't changed. Even with prices falling, Americans still view their homes as financial instruments, not just places to live. Where else are they going to make their money? 401(k)s? Not likely--the stock market is down, thanks to the credit misfortunes in the housing market. Work? Ha! The New York Times reported recently that the economy is concluding its first long-term expansion in which the average American's postinflation income actually decreased. Jobs are declining, but many homeowners can't move to cities with better prospects because they can't sell their homes...
...from one sixth of the professoriate’s approximately 700 members to one eighth. The development was perhaps a first in the nearly two-century history of the Faculty: a failure to achieve quorum in a vote on quorum. Chair of the Economics Department James H. Stock presented yesterday’s legislation, which, in addition to lowering the quorum threshold, would have provided new regulations for clarifying whether a quorum has been reached before business is considered. Currently, members of the Faculty have to call for a quorum count. “Right now you may guess that...