Word: sells
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...Dido & Aeneas at the Beijing Concert Hall; Handl's Messiah at the Wang Fu Jing Church; Wagner's Tannhäuser at the downtown Poly Theater. People who order their tickets in advance get in; the rest get introduced to another Western tradition - scalpers, who buy in bulk and sell out fast. It's been that way every year since Long first launched the annual Beijing Music Festival (BMF) in 1998. And that, most people in the Chinese arts community believe, is nothing compared to the classical music explosion still to come...
...runs the thread of risk--and how it was mismanaged. Financiers, as well as the investors who bought their wares and the ratings agencies that evaluated them, agreed that by applying the proper equations it was possible to, say, bundle a bunch of subprime mortgages, chop them up and sell the pieces as fairly safe securities, even as they were leveraged to the hilt. Why? The mathematical models--backward-looking and based on just a few years' data from an asset bubble--said so. "As an industry, we let financial tools be a substitute for human judgment," says Kevin Blakely...
...with investing the University’s $36.9 billion endowment—is planning to unload $1.5 billion of its riskiest assets, The Wall Street Journal reported yesterday. The Journal’s article followed similar reports from the trade publication Private Equity Week, which said the company would sell $1 billion of its private equity portfolio. A $1.5 billion sale of its private equity holdings—nearly a third of Harvard’s investments in that sector—would mark one of the largest-ever sales of a private-equity portfolio, The Journal article said...
...make a loser out of the American people. We need to start over, he argued, speak gently, listen carefully, find solutions, keep our word. It was precisely because he was an outsider with a thin résumé and few cronies or scars or grudges that he could sell himself as the solution. (See 10 things that never happened in a campaign before...
...Trump's development is still far from a sure thing. Standing in his way is Michael Forbes, a fisherman and quarry worker who has refused all lucrative offers from the American billionaire to sell his ancestral home, which sits in the middle of the property slated for the development. Trump has said that he can build around the Forbes property, but conservation groups say there may be access requirements that would impinge on such plans...