Word: stockly
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...book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World...
...since the Russian stock markets crashed in mid-September - Bloomberg has reported that Russia's top 25 wealthiest people have lost a collective $230 billion - Lebedev's campaign has acquired a new urgency. He has ridiculed the efforts of Putin and President Dmitry Medvedev to revive the economy, including bailouts for the oligarchs that he estimates at roughly $11 billion. He has announced plans for an English-language radio channel in Moscow; bought the London newspaper the Evening Standard; announced plans to launch a democratic political party with former Soviet leader Mikhail Gorbachev; and (briefly) run for mayor of Sochi...
Fair questions. Booker's team can rattle off a list of accomplishments beyond murder reduction. For example, his administration has doubled the number of affordable housing units currently under construction and quadrupled the affordable stock in predevelopment. Almost a dozen parks have been refurbished. Booker's national profile and endless advocacy for Newark have attracted more than $100 million in private philanthropy - money that is even more crucial for Newark in a recession...
...with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia: Shanghai's main stock-market index has surged about 90% this year, while Indonesian stocks are up 70%. By comparison, the S&P 500 is up 11%. (See the World Economic Forum...
...Exuberance can be contagious. Shares of China State Construction Engineering, the country's largest home developer, jumped 56% on July 29, the day of their debut on the Shanghai stock exchange. In Singapore, property prices are rising despite the city-state's sharp recession. The resale index for Housing and Development Board apartments, a key indicator of local property-market conditions, rose an annualized 5% in the second quarter to an all-time high. In Hong Kong, a city famous for its property booms and busts, prices have rebounded from last year's slump and are on course to retake...