Word: woundedly
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...that Chinese companies have received so much cheap financing that they have dumped proceeds into the equity market for lack of better alternatives. Andrew Barber, Asia strategist at Research Edge, a New Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic, particularly the important export-manufacturing sector, which continues to suffer from the reduction in global demand. According to a report from Fitch Ratings...
Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent - and spectacular - credit bubble. TIME's Barbara Kiviat spoke with...
...Kowalczuk, a historian at the government agency that maintains the Stasi files today, was a teenager in 1988 and worked as a doorman in East Berlin. He was also a die-hard Pink Floyd fan and determined to get close enough to the Wall to hear the concert. He wound his way through backstreets to a building near the Wall and climbed onto the roof from a window in the building's attic. Yet despite his efforts, he could hardly hear a thing. (See pictures of people around the world mourning Michael Jackson...
...interning at an asset management firm in New York, and by the end of the next month—once Bear Stearns had wound-down the funds as officially worthless—all of my colleagues, from the most senior money managers to the lowliest analysts, had sat through a number of crash courses in our conference rooms 40 floors over Midtown, covering the inner-workings of “mortgage securitization.” This process governs how a home buyer’s payments make it from Main Street to Wall Street, and what happens when the flow...
...Many people feel that's exactly what Sri Lanka needs. Then you will have the north and the south fighting each other again. I don't want to open up this wound...