Word: writes
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Dates: during 2000-2009
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...Content is rapidly being devalued. The first people to press that case are accountants. They have insisted that companies from News Corporation (NWS) to The New York Times (NYT) to Time Warner (TWX) to CBS (CBS) write-down tens of billions of dollars in assets. Cablevision (CVC) bought the large daily newspaper Newsday less than a year ago. Its accountants reduced the value of that property by 70%. That was not simply the value of the Newsday building. What they were saying is that the income from the property has been impaired, probably permanently...
...Part of the problem with content value is tied directly to the recession. Accountants should take it easy when they lean on that too hard. The best assets bounce back when the economy recovers. But, by forcing companies to write-down their content assets so extremely they are saying that the firms can never go home again. Their TV shows, movies, magazines, and newspapers will never recover all of their value...
...First Lady. There are at least three admiring biographies (Michelle Obama: An American Story by David Colbert; Michelle Obama: First Lady of Hope by Elizabeth Lightfoot; and Political Profiles: Michelle Obama by Jeff C. Young). There is also a volume of letters, Go, Tell Michelle: African American Women Write to the New First Lady. At least two more books are in the works, one about her style, and one about the First Spouse and the "cultural moment." A Michelle Obama coloring book has just arrived in stores, and a comic book is not far behind...
...heartwarming tale of raising two girls - no matter. Says Coffey: "In this situation, which is still in the early morning of what might be a long historic journey for the Obama family, I think publishers would be really eager to win the rights to whatever book Michelle wants to write." Fire up those cash registers, booksellers; the day will arrive, perhaps someday soon...
...comes the messy part. Bank of America used Strata's collateral as the backing against which it could write credit default swaps (CDS), that is, insurance contracts based on whether some other bonds get paid back. As a writer, or seller, of CDS contracts, Strata investors get a regular fee, much like a annual amount any insurance holder would pay, for guaranteeing the buyer of the insurance against losses on the bonds. All told, Bank of America wrote CDS contracts worth $20 million based on the debts of as many as 75 companies. Add the fees from the insurance contracts...