Word: successer
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Geithner's success in convincing the world that hedge funds would use government money to buy bank paper of questionable value was all the more extraordinary because so few experts believe that the plan has any chance of working. It may be that the markets have been through such a long cycle of hopelessness that they are ready to grasp at any straw...
...could make a great deal of money. That could cause the public to question why a wealthy financial manager makes millions of dollars from the arrangement while the taxpayer gets very little. That may very well stir memories of excessive AIG compensation in a year or so. Ironically, the success of the secondary market may pose the greatest threat to its revitalization...
...Another, subtler problem can be the difference between what are known as surrogate outcomes and patient outcomes. A new drug or treatment may reliably lower cholesterol, say, or reduce the size of a tumor - these are surrogate outcomes - and the drug-maker would call that a success. But the ultimate goal of treatment isn't simply to give you lab results you can boast about, it's to make you feel better and live longer; those are the patient outcomes. Sometimes though, good surrogate outcomes don't lead to good patient outcomes. Hormone replacement therapy, for example, raises good cholesterol...
...targeted implementation date for the digitization project, 2014, is viable, said Zeckhauser, but its success will depend on how much political objection there is in the interim—the roadblocks to implementing this project are administrative, not technical, he said...
...Good. Get a Reward. Kimpton Hotels' new Lorien Hotel & Spa in Alexandria, Va., is celebrating its opening partnering with Dress for Success, a nonprofit dedicated to helping women transition from welfare to work by providing interview suits and office attire. Guests who donate gently used accessories will receive a 10% discount off their stay, and 10% off massages and facials at the spa. Special opening rates start at $139; after April 30, rates start at $269. The Dress for Success discount is given at check-in. 1600 King Street, Alexandria...