Word: worthing
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...justice. So while the U.S. government has had to save Fannie Mae and Freddie Mac, Germany has had to save Hypo Real Estate with $69 billion. Berlin has also guaranteed all private accounts to the tune of $1.37 trillion. Britain has served up a bailout plan for its banks worth about $88 billion, and even Moscow has pumped $186 billion into the Russian banking system...
...Federal Government for a $7 billion loan to fund its daily operations, it was the most dramatic display yet of how state and local governments are being buffeted by the deterioration in credit markets. With few willing buyers of municipal securities, Massachusetts twice shelved plans to float $750 million worth of short-term notes used for paying its bills. And across the country, dozens of other funding deals for longer-term projects, from road repair to school expansion, have been delayed...
...topsy-turvy world of investing, Weiss's lesson is worth remembering: when nobody is afraid, be fearful; when everybody is afraid, be bullish. The trouble this time, he warns, is that "things could get a lot cheaper. You have to be able to stick...
...While there are no earth-shaking changes on the immediate horizon for Ivy League football, the selection process for a new executive director is well worth watching, since it will tell us as much about the attitudes of the current group of Ivy presidents as it will about the future of the league’s football...
...Harvard, the conservative reflex has been to lament the despoiled temple—praise the University’s illustrious history while bewailing the perceived decline. To be a conservative means to conserve, of course, but to conserve what? This implies not only that something is worth conserving, something precious, but also something under attack, something to be defended. What at Harvard should a conservative conserve? What is a Harvard conservative...