Word: worthing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Where have we seen this movie before? A financial system in tatters; banks and investment banks, many effectively bankrupt due to an avalanche of souring real estate loans, are forced to merge with rivals; to prevent an economic meltdown, the government is forced to buy up billions of dollars worth of bad assets - raising taxes to pay for the program - as citizens seethe. That's the U.S., today. But the prequel to Nightmare on Wall Street occurred more than a decade ago in Japan, when epic real estate and stock-market bubbles burst - making it all the more remarkable that...
...book, to be sure, recounts Buffett's remarkable accomplishments as a businessman. And it affirms the image of Buffett as a peculiarly American success story, the multibillionaire (Forbes just estimated his worth at nearly $50 billion) with an aw-shucks aura. There is the Buffett who insists on carrying his own luggage even when flying by private jet. The Buffett who as a teenager got C's and D's in school and stole golf equipment from Sears, yet also filed his first tax return, for $7, deducting his wristwatch and bicycle as expenses in his newspaper-delivery business...
...affected Harvard’s balance sheet. Bonds allow the University to collect money from investors in exchange for the promise to repay the principal amount plus interest later. The coupon rate of variable-rate bonds is tied to the market interest rate. Princeton, which had issued $200 million worth of variable-rate bonds, has seen interest rates on some of its bonds quadruple in the past week, according to Bloomberg News. Princeton’s Controller Kenneth Molinaro told the News that the increase is costing the school about $8,000 per day. With nearly eight times as many...
...stock plunged to $24. It did - and then some. By late last week, Merrill traded at just over $17 a share, increasing the pressure on CEO John Thain to do a deal. Over the weekend, he sold the firm to Bank of America in an all-stock transaction worth about $29 per share for Merrill shareholders - which means Temasek could walk away with about a 20% return should it sell it shares. The Temasek deal last December, banking sources say, taught everyone in the region a lesson: If you're talking to Wall Street, drive as hard a bargain...
...because, when that snake kept moving without its head, I suddenly felt very far away from home, and that feeling was very real.The other day, a friend of mine told me about riding on the back of a motorcycle taxi after work. I asked him if it was worth it, and his response said a lot about Shanghai. “It’s really fun,” he said, “but I couldn’t figure out where to hold on.”—Columnist Andrew F. Nunnelly can be reached...