Word: targetedly
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Short sellers borrow stock and sell it, essentially betting that the price of their target company will fall before they have to replace the borrowed shares. They have been disparaged as vultures, rumor mongers, cheats and criminals. But they have not, by and large, been wrong in their choice of targets. Bear and Lehman died because they were undercapitalized. Merrill's own mismanagement helped to chase it into the arms of B of A. Yet in the case of AIG, the argument is that the company would have remained afloat had its stock price not been driven down, which triggered...
...what's the harm in a little sponsorship? The ambitions behind a firm's marketing may offer a clue. "A lot of companies interested in sponsorship would be companies targeting very high rates of growth," says Stefan Szymanski, a sports business economist at Cass Business School in London. "To target a very high rate of growth is often a high risk strategy. High-risk businesses, in recession, tend to go bust." (The reverse can also be true: the stock price of sponsors of U.S. sports stadiums actually outperformed the market in the more benign conditions...
...failures? France's handling of the Beijing Olympics was a clear one. Sarkozy made himself a prisoner of a contradictory logic by trying to appear dedicated to human rights without endangering the economic interest of French firms. France fell between two stools and became an easy target for Chinese assertions that its position lacked coherence. Another failure was France's initial neglect of Germany's sensitivities toward Sarkozy's ambitious Mediterranean project...
...cryptic Internet posse known for its attacks on Scientology may have found a new target in Republican vice-presidential nominee Sarah Palin. Several self-proclaimed members of Anonymous, a loosely organized group associated with the message board 4Chan, apparently breached the Alaska governor's personal Yahoo! account (gov.palin@yahoo.com) late Tuesday night...
...solution, and she is admired by U.S. Secretary of State Condoleezza Rice, among others, for her level-headedness and tenacity. A mother of three who lives in a modest Tel Aviv apartment, Livni's image as "Mrs. Clean" resonates with Israelis tired of the sleaze associated with Olmert, the target of long police investigations into suspected fraud and bribery...