Word: worthing
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Well, how did you do it? It felt like it was four years' worth of work. There was so much volatility. We changed the stocks around a lot throughout the year. In July, when the banks were cratering, we bought Bank of America at 18 [dollars a share], and it jumped right back up to the 30s, and we sold it there. That's not something you usually do within a month's time. Last year was really opportunistic. In a month's time you went from cheap to fairly valued - and in many cases back down to cheap...
...Evaporation and rainfall are increasing; glaciers are retreating; sea ice is shrinking; sea level is rising; permafrost is melting; wildfires are increasing; storm and flood damage is soaring. The canary in the coal mine is singing for all she's worth." - on reading the signs of climate change (Center for American Progress...
...their personal and emotional attachments as weaponry. As official prescriptive military documents go, the Army Field Manual is surprisingly readable. And with all the contentious debate over torture and detainees during the past eight years, the manual - which is publicly available on the U.S. Army web site - is worth reading. Even if the United States doesn't torture, shouldn't its citizens know what the U.S. does do to terrorist suspects in custody...
Obama has reached out to a lot of evangelicals, including Rick Warren. Was that choice worth the criticism it brought...
...were BofA's risk managers doing? When BofA did its due diligence, it certainly went over Merrill's trading book. If the losses were tied to positions that had already been taken, then shame on BofA. If Merrill's traders made bad bets in the fourth quarter, it's worth asking again, Where were BofA's risk and compliance troops? Wouldn't you want to be all over these people, especially in Q4? Or maybe they all took John Thain at his word when, in October, he said, "We continue to reduce exposures and deleverage the balance sheet prior...