1. QUOTE from:
    NEWSWEEK International Editions: Highlights and Exclusives, February 2, 2009 Issue
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    Still, hedge funds failed to do what they promise: to protect their clients' assets in a bear market. "We live in extravagant times. In January 2008 there were about 8,000 hedge funds worldwide running about $2 trillion of investor money ... As the dust settles, the best guess is that about 2,000 hedge funds have gone out of business and another 2,000 will disappear in the next year. Ravaged by killer bear markets as well as a deluge of redemptions, the total capital run by hedge funds today is now about $1.2 trillion, according to Hennessee." The Danger Across the Border. Full Article at PR Newswire
    We live in extravagant times. In January 2008 there were about 8,000 hedge funds worldwide running about $2 trillion of investor money ... As the dust settles, the best guess is that about 2,000 hedge funds have gone out of business and another 2,000 will disappear in the next year. Ravaged by killer bear markets as well as a deluge of redemptions, the total capital run by hedge funds today is now about $1.2 trillion, according to Hennessee.
    SOURCE: PR Newswire 12 months ago
All quotes from:
NEWSWEEK International Editions: Highlights and Exclusives, February 2, 2009 Issue
  1. There are widespread, reliable and, in private, confirmable reports about large companies, businessmen and individuals paying 'protection money' to the cartels, and requesting their assistance in different business transactions... If these reports are correct, the states' monopoly on tax collection is w...
    SOURCE: PR Newswire 12 months ago
  2. More than a mere 'economic crisis' is facing Barack Obama. Our 'Yes, We Can' president is going to have to fix a 'No, We Can't' economy
    SOURCE: PR Newswire 12 months ago
  3. A Chapter 11 bankruptcy filing gives companies breathing room from creditors in order to regroup and relaunch ... Circuit City started down this path in November, but in mid-January it decided that rehab was too tough and threw in the towel. The company's move signals an alarming trend: more firms are d...
    SOURCE: PR Newswire 12 months ago
  4. If you look at the banks, all six major banks in France draw roughly 80 percent of their activity and profit from retail activity as opposed to investment banking or asset management
    SOURCE: PR Newswire 12 months ago
  5. We need to recognize that we're not grappling with a single economic crisis. We face three separate crises, which are interwoven but which are also distinct and different ... The solution to any one of them won't automatically resuscitate the larger economy if the others remain untreated and unchanged.
    SOURCE: PR Newswire 12 months ago
  6. Overcoming any of these crises alone would be daunting. Together, they're the economic equivalent of a combined triathlon and Tour de France
    SOURCE: PR Newswire 12 months ago

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