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...employees in full each month, rather than holding a good chunk of their pay until the end of the year. "There is just too much variability in year-end pay," says Martin Teevan, who joined Cantor & Co. from Goldman Sachs in December, and is the head of high yield and distressed bond trading. "There is a lot of concern that no matter how well you do at Big Bank XYZ, you just won't get paid...

Author: /time Magazine | Title: Cantor Fitzgerald, Victim of 9/11, Thrives in Recession | 4/17/2009 | See Source »

...cordless drill. Sugar makers insert small plastic spouts into the holes and connect the spouts to huge webs of plastic tubing that route the precious sap into large tanks. Many of these sugar bushes even have vacuum systems that suck the sap out of the trees to increase yield, along with oil-fueled furnaces and reverse osmosis filters that remove some water prior to boiling. The technology has changed dramatically, but in essence the process is virtually the same. Collect sap, reduce over heat...

Author: /time Magazine | Title: Maple Syrup | 4/16/2009 | See Source »

...Because of these issues, muni bonds don't seem particularly cheap even though munis now yield more than Treasuries. Indeed, Gary Strumeyer, head of capital markets at Bank of New York Mellon, says munis are no longer in the same rock-solid category as Treasuries, so it's not even a fair comparison. "Every investor needs to understand the many risks associated with purchasing muni bonds these days," he says...

Author: /time Magazine | Title: Rising Risks in Muni Bonds Worry Investors | 4/13/2009 | See Source »

...Instead, Strumeyer believes investors should compare muni yields to those of high-quality corporate bonds. Recently, Vanguard's Term Tax Exempt fund, a huge muni fund with $21 billion in assets, had an implied yield of about 3%, according to Regent Atlantic's Cordaro. A similar corporate bond fund, BlackRock Intermediate Bond II, had yield of 8.5%. Even assuming a 35% tax bracket, the corporate bond fund is yielding nearly double the muni fund...

Author: /time Magazine | Title: Rising Risks in Muni Bonds Worry Investors | 4/13/2009 | See Source »

...particularly attuned to this power. After Harvard, he went on to become a highly controversial Hollywood screenwriter and director, meeting Mike Tyson on the set of his 1985 film “The Pick Up Artist.” There they began the friendship that would finally yield Toback’s most recent film, “Tyson,” a documentary that peels away the seemingly infinite layers surrounding the legendary boxer, revealing an alarmingly human specimen coiled in its center. As in his fictional films, Toback is slow to reveal the psychological interior of his controversial...

Author: By Mia P. Walker, CRIMSON STAFF WRITER | Title: Harvard Alum Packs a Punch with 'Tyson' | 4/10/2009 | See Source »

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