Word: torontos
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...left the house to have a Black Angus cheeseburger combo with fries. While I enjoyed eating the delicious burger, I contemplated how some people feel empowered enough to step out and try to force their opinions and beliefs on others as if they were gospel. Jonathan B. Smith, Toronto...
...already witnessing new kinds of Hope surge and swell. In most nations, we recognize the Hope of a better international system, manifested in the Hope for the return of multilateral cooperation with the United States of America. This Hope is more the permanent exit of what University of Toronto political science professor Beth Fischer has referred to as the “cowboy-swagger” of the Republican Party. It is Hope for renewed, dignified leadership that is not just multilateral. As Australian Prime Minister Kevin Rudd noted in his official statement, Obama’s ascendancy comes...
Saif Ahmed began living the Dubai dream five years ago. Armed with an M.B.A. from the University of Toronto, the Canadian entrepreneur moved to the gulf city-state and co-founded property developer Universal Canlink Inc. By 2006 the firm had annual revenues of $15 million, luring foreign investors with tales of "meteoric" growth in the local property market. Lately, with the global financial downturn spreading to the Middle East, Ahmed has come back to earth. "Before, people were buying blindly, without asking much about the details," he says. "Now such risk takers have disappeared...
...when the Canadian bank Toronto-Dominion got out of structured products, including CDOs and interest-rate derivatives, CEO Ed Clark was pilloried for leaving profit on the table. Clark, who has a Ph.D. in economics from Harvard, made the decision because he couldn't comprehend, to his satisfaction, the credit and equity products that were being traded at the firm. So he decided to quit the business--a move that kept his bank in the black while others suffered. "I'm an old-school banker," he later said. "I don't think you should do something you don't understand...
...stock-market crash, the savings-and-loan crisis, the meltdown of the Long-Term Capital Management hedge fund--boisterous, unchecked risk-taking eventually rushed back in. "In times like this, people do listen to risk managers," says John Hull, professor of derivatives and risk management at the University of Toronto. "The problem is, times will become good again, and then you listen to the trader who is making a big profit...