Word: summers
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...should government (and by extension taxpayers) even be contemplating such action? The clearest explanation is probably that of Paul McCulley, a managing director of the money-management firm PIMCo, who wrote an essay last summer on "The Paradox of Deleveraging" that continues to resonate in financial and economic circles. When a debt-fueled investment bubble bursts, financial institutions that make their living off borrowed money (banks, investment banks, hedge funds) tend to want to reduce their leverage - their ratio of debt to equity. That's perfectly rational. But when everybody does it at the same time, big trouble ensues...
...indication, may be to deliver, in person, a simple message: No. Not again. Not unless you structure a deal in such a way that we simply cannot lose. Otherwise, goodbye. That, in effect, is what Sameer Al Ansari, the CEO of Dubai International Capital, told Wall Street earlier this summer. He had had discussions "with all the people you'd expect" in the pantheon of U.S. finance regarding a possible investment from his fund, he told TIME. Wisely, it turns out, he told all of them no - and then set out on a tour of China to look at direct...
...masses heard a short cash-money millionaire saturating the American airwaves this summer. Yet the pop crowd probably didn’t realize that the dreadlocked Lil’ Wayne has mounted the jewel in his hip-hop crown. “Tha Carter III” represents the culmination of the most dramatic hip-hop trilogy of recent memory. As far as content goes, Lil’ Wayne’s newest album doesn’t depart far from his traditional material. With sugary club hits like “Lollipop?...
...filing of the lawsuit was the first in a series of events leading to Fischer’s resignation this summer. Some hospital executives discovered that Fischer had given surgery department funds to his wife, who organized department events, helped new surgeons find homes, and showed their families around Boston, according to The Boston Globe. The funds—$12,000 a year in all—were later returned...
...band called Sonic Youth.It seems to follow that we—that is me, you, and everyone we know—are keyed into this cultural endemism in large part because people—a lot of people—bothered to make art about it.For three months this summer I lived and worked at a television station in China, and to say the least, things are different over there. Having spent the vast majority of my three months in Shanghai, I’m cautious to make a generalization that blankets the entire country, but I think it?...