Lehman Brothers, a company that shared the 2010 Ig Nobel Prize in economics, has made a spectacular rise into imminent oblivion. A Reuters report in the Oman Daily Observer tells the new details: Lehman escapes bankruptcy NEW YORK — One-time financial powerhouse Lehman Brothers emerged from bankruptcy and is now a liquidating company whose main business […]
Tag: finance
Religion Wards Off Stock Price Crashes, Sort Of
Writing with a clarity that appeals to certain accounting professors, two members of that profession tell how they discovered some sort of possible link between (A) some people being religious in certain ways; and (B) the risk of stock prices crashing for companies that technically have their corporate headquarters in the counties in which those […]
How to disassemble a skyscraper but not its neighborhood?
In the race to top the top, to build a tall building that’s at least momentarily taller than all the other tallest buildings, a two-part question lingers. These towers are so costly, and the real estate market so unpredictable, that one or more of these buildings could turn out to be financial failures. Then might arise […]
Effect of Wind on Stock Market Returns
“Effect of Wind on Stock Market Returns: Evidence from European Markets,” Hui-Chu Shu and Mao-Wei Hung, Applied Financial Economics, vol. 19, no. 11, 2009, pp. 893–904, DOI 0.1080/09603100802243766. (Thanks to Kajbaje Sudhanshu for bringing this to our attention.) The authors, at National Taiwan University, report [AIR 16:1]: This study investigated the relationship between wind speed […]