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Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.
Alex Berenson -
In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.
Alex Berenson
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Mr. Hussein began building Ghazalia in the early 1980s as a home for army officers and other members of his Baath Party. Concrete mansions with pillars and domes are common in the southern half of the district.
Alex Berenson -
Big companies, which spend tens of billions of dollars annually on 'call centers' to take orders and provide customer support, increasingly rely on speech recognition not just to handle requests for information but to process customer orders.
Alex Berenson -
For a developing country, average long-run growth of 5 percent a year per capita is excellent, and 7 percent is stellar.
Alex Berenson -
Never underestimate the power of Abby Joseph Cohen.
Alex Berenson -
For as long as anyone can remember, reliable, cheap electricity has been taken for granted in the United States.
Alex Berenson -
Plumbing is usually boring.
Alex Berenson
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America Online, of course, is a master of the hard sell, from stuffing mailboxes with free trial offers to forcing subscribers to click through ads before they can get their e-mail.
Alex Berenson -
The world is filled with great sporting events.
Alex Berenson -
While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.
Alex Berenson -
Over the years, I've spent time in Saudi Arabia, the Bekaa Valley, Afghanistan, Jordan, and Kenya, among other vacation hotspots.
Alex Berenson -
Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
Alex Berenson -
Some big banks remain wary of venture capital.
Alex Berenson
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Big companies often use their leverage to take stakes in would-be suppliers, especially in the technology business.
Alex Berenson -
Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.
Alex Berenson -
Bigger spreads mean bigger gaps between what buyers pay and sellers receive. For example, a spread of 10 cents a share means that the buyer pays $100 more for 1,000 shares than the seller receives.
Alex Berenson -
Even so, sometimes I wish I did have a little bit more flair in my language.
Alex Berenson -
With 950 reporters and 79 bureaus, Bloomberg competes to break news with Dow Jones, Reuters and Bridge News along with newspaper Web sites, dozens of smaller Internet sites, and even gossipy chat rooms.
Alex Berenson -
Fannie Mae has never publicly disclosed how much money it could lose if interest rates rose 1.5 percentage points in a very short period of time.
Alex Berenson
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I think in some ways what Snowden is, is he's a mix of a cold war spy novel and post-9/11 spy novel.
Alex Berenson -
Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.
Alex Berenson -
Don't expect Barton Biggs to be offering his market insights on 'Bloomberg News' anytime soon. His plumber, maybe.
Alex Berenson -
At first glance, Martha Stewart, queen of artfully distressed home furnishings, might not seem to have much in common with Michael R. Milken, one-time king of junk bonds.
Alex Berenson