Word: stockings
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...hordes of graduating Harvard students headed to high-paying investment banking jobs next fall, a cautionary note: as the number of Harvard MBAs entering the securities industry rises, the stock market tends to tumble...
...Jersey-based financial consultant Ray Soifer has studied the career choices of Harvard Business School graduates for two decades, and he’s found that when the fraction of MBAs going straight into securities industry jobs tops 30 percent, the stock market plummets...
...Society are quick to caution that with extensions of the length of copyright and with legislative grants of additional powers that undermine the already weak fair use doctrine, the ability to use the existing pool of creative work to new ends—to publish documentaries that include stock footage and write songs that include samples of other songs, for example—is in grave peril. And if you were to ask Mr. Glickman, he would surely explain that the movie industry and all the wonderful creative engines behind it are on the verge of being overrun by pirates...
...miss third-quarter sales and profit forecasts. Enter Lepore, 50, as new chairwoman and CEO. Lepore knows plenty about the Web's peril and potential: she was chief information officer and then vice chairwoman of online broker Charles Schwab, which flew high in the 1990s but suffered when the stock market sank. She is predictably optimistic about her new company, which has seen sales grow from $110 million in 2000 to an estimated $300 million this year. "There are many trends working in our favor," Lepore says, including "an aging population, an increasing number of people on long-term medication...
Presumably, private accounts with some assets in the stock market would perform better. But free-market solutions come with free-market problems. What happens if individuals don't invest wisely? Or if the stock market tanks after they retire? Some economists are worried that the plan is especially risky for the two-thirds of seniors who rely on Social Security for their main source of income. "The burden of [cutting benefits] is going to fall on lower- and middle-income households," says Mark Zandi of Economy.com Yet supporters say the dangers could be easily mitigated by allowing investments only...