Word: solding
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...whoever first had the idea of lending $750,000 to someone making $17,000 a year; the regulators who said that was O.K. and the politicians who encouraged them; the financial geniuses who rolled up all those mistakes into a big ball of bad loans, chopped them up and sold them; and above all, the presiding executives who got performance bonuses whether they performed or not, buying and selling things whose value they could not possibly know, finding ways to reduce risk that instead greatly increased it, unleashing on the markets what Warren Buffett called "financial weapons of mass destruction...
With high fuel prices deterring trips to the track last summer, NASCAR attendance dropped nearly 10% in 2008. This season, with the recession, ticket sales have lagged. In early February 2008, Daytona seats were sold out. This season, plenty of seats were still available. International Speedway, which owns 12 Sprint Cup tracks, including the Daytona International Speedway, recently announced that advance sales for all its tracks were down 17%. Eddie Gossage, president of the Texas Motor Speedway, a Speedway Motorsports track that hosts two Sprint Cup races, laments that funding for corporate hospitality tents has dropped. "All of the executives...
...While I was working there it was $300-$500 per SparkNote. It depended—Ulysses was probably a little more. After we sold to B&N it went up a little. I believe they don’t really do a lot of new Spark Notes, and I don’t think they still use undergrads, sorry...
...Harvard had roughly $460 million, or 20 percent of its total 13F listed holdings, invested in emerging markets. But by Dec. 31, those assets—then only valued at $224 million—had come to represent nearly 40 percent of its total holdings, even though Harvard had sold one-third of its emerging market equity...
...vendors of Obama merchandise. Burger joints served “Eggnoguration”-flavored shakes. Given the extent of Obamamania, we had been surprised the night before when the restaurant we had gone to served no such drink as “The Obama.” Street vendors sold Obama condoms, but this overflowing eatery hadn’t thought to create a celebratory cocktail? Unacceptable. “If you come up with one, and it’s good, we’ll put it on the menu,” our waiter told us. Or rather...