Word: fee
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...Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good. But if the bet does go south, the industry's fee structure, which often includes 2% of investors' money plus another 20% of profits, ensures that the manager will walk away from the wreckage rich, even if his investors...
...association's proposal calls for the government to pay that upfront fee to lower the mortgage rate instead of the home buyer. Yun says lowering mortgage rates 1% would result in up to 840,000 additional home sales nationwide, reduce the inventory of homes on the market by 20% and boost housing prices. "It would be a significant inducement for buyers to enter the market," says Yun. "We could stabilize the housing market and, as a result, Wall Street and the U.S. economy in general...
...next on your agenda? We're out to eliminate cock fighting and dog fighting. We are trying to stop the Canadian seal hunts and other large-scale commercial killing of marine mammals. We are trying to shut down canned hunts, where people shoot animals in fenced enclosures for a fee and a guaranteed kill arrangement. We are working toward eliminating euthanasia of dogs and cats in shelters and animal control agencies...
...Manhattan matchmaker Janis Spindel says more and more of her clients, typically Wall Street males, are trying to bargain, asking her to reduce her fee, which can run as much as $250,000 to find a wife. One client recently told her he thinks he will have to mothball his Gulfstream and start flying commercial. Spindel, though, isn't negotiating. In fact, she says her business is as busy as ever, though more and more of her clients are coming from outside the New York City area. "I guess one would say that hiring me is a luxury good...
...Sunday Livni, a onetime Mossad agent, conceded defeat, claiming she refused to be "blackmailed" by the demands of the fringe religious parties she was trying to woo. The religious parties, she said, were making "economically and diplomatically illegitimate demands." The ultra-orthodox Shas party was charging a high fee: they want Livni to increase child allowances for large religious families and remove the city of Jerusalem from peace negotiations with the Palestinians. "I refuse to pawn Israel's future for the Prime Minister's seat," she said after meeting Peres. "The public is sick of politicking...