American - Journalist | June 25, 1929 -
The goal of the program, called Giving With Purpose, is to teach college students - and anyone else who cares to register - how to beneficially contribute to charity. That's not necessarily easy. There are IRS rules for giving that must be learned, and there is wayward, wasteful philanthropy to be avoided.
Carol Loomis
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In the 1987 stock market crash, according to the conclusions of the official Brady report, colossal sales of stock index futures by so-called portfolio insurers - whose investment strategies depended entirely on these derivatives - greatly exacerbated the 500-point market decline.
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On the rare occasions when my family talked about business, the subject was Kansas City's Boss Pendergast and his potential for muscling my dad's small gravel-and-sand operation.
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Limited partnerships are required to amend their filings whenever important changes, such as the admission of new partners, take place.
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In general, the hedge funds were clobbered by the 1969 bear market, ending up in many cases with records that were worse than those put together by aggressive mutual funds denied the luxury of short sales.
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I didn't want to be a 'Fortune' writer who was constrained in any way.
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By late 1953, going to New York on vacation, I had lined up several Time Inc. interviews - and what they did was give me a lifelong appreciation of the importance of luck in getting a job.
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The 'Fortune' I came to work for on Jan. 25, 1954, was a monthly, with pages significantly larger than what you're reading; 'art' covers that did not relate to stories inside; and a newsstand price of $1.25.
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From the minute I got to 'Fortune,' I loved my job. I knew myself to be a virtual dunce about business, and I was wide-eyed about how much I was learning.
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Every regulatory speech on derivatives takes a bow to their hedging 'benefits.' Less publicly, regulators pay their respects to derivative profits, a blessed relief from the banks' troubled loans to less-developed countries, highly leveraged companies, and real estate swingers.
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The good thing about a dealer's derivatives portfolio is that it is marked to market.
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Throughout his remarkable business and government career, Robert Rubin, now 65, has both worked exhaustively at reaching well-founded conclusions and rejected the idea that anything - and he means anything - can be a 'provable certainty.'
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