Word: willingness
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How big a loss the PPIP would create is still the question, and few analysts are willing to put a number on that the figure. Goldman Sachs estimates that on average banks value mortgage loans on their books at $0.91 on the dollar. That means they agree those loans are...
Of course, the hope of the Treasury's PPIP program is that with cheap loans from the government investors will be willing to pay more. Why would they do that? Like lower prices, leverage boosts returns. So an investor buying an asset in part with loans should be willing to...
Rich Russians are accustomed to huge markups on luxury brands sold in their country. Top fashion labels can sell for up to 1,000% of what they would in the U.S. or Western Europe. But factor in inflation and the devaluation of the ruble, and the price is too high...
Then build yourself up to the right frame of mind. Severance is money that a company gives you so that you'll sign a release promising not to do things like sue or trash-talk the firm in the press. "It's not love, it's not a gift - it...
Russia considers itself a nation of patriots, but when it comes to defending the motherland, men over the age of 18 aren't quite ready to lay it on the line. This age cohort was born in 1991, the year Communism collapsed and the Soviet Union became moribund, and may...