|
Steve Eisman
Steven Eisman (; born July 8, 1962) is an American businessman and investor known for having shorted collateralized debt obligations (CDOs), thereby profiting from the collapse of the US housing bubble in 2007–2008. Early life, education, and family Eisman grew up in New York City, where he attended Yeshiva schools. He attended the University of Pennsylvania, graduating magna cum laude in 1984. He then graduated from Harvard Law School with honors. His parents worked in finance; they were brokers for Oppenheimer. Eisman was unhappy with his work in law. His parents arranged a position for him at Oppenheimer working as an equity analyst. Oppenheimer's anti-nepotism rules required his parents to pay the first year of his salary. FrontPoint Partners Eisman rose to fame betting against collateralized debt obligations at Greenwich, Connecticut-based FrontPoint Partners LLC, a unit of Morgan Stanley. By 2010, he managed more than $1 billion for FrontPoint, and gained prominence a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. Among its highly ranked graduate schools are its law school, whose first professor wrote the first draft of the United States Constitution, its medical school, the first in North America, and Wharton, the first collegiate business school. Penn's endowment is US$20.7 billio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inside The Doomsday Machine
Inside may refer to: * Insider, a member of any group of people of limited number and generally restricted access Film * ''Inside'' (1996 film), an American television film directed by Arthur Penn and starring Eric Stoltz * ''Inside'' (2002 film), a Canadian prison drama film * ''Inside'' (2006 film), an American thriller film starring Nicholas D'Agosto and Leighton Meester * ''Inside'' (2007 film), originally ''À l'intérieur'', a French horror film directed by Alexandre Bustillo and Julien Maury ** ''Inside'' (2016 film), a 2016 Spanish-American film remake of the 2007 film * ''Inside'' (2011 film), an American social film * ''Inside'' (2012 film), an American horror film * ''Inside'' (2013 film), a Turkish drama film * '' Bo Burnham: Inside'', a 2021 American comedy special * ''Inside'' (2023 film), an upcoming film starring Willem Dafoe Television * "Inside" (''American Horror Story''), an episode of the tenth season of ''American Horror Story'' Music Albums * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mother Jones (magazine)
''Mother Jones'' (abbreviated ''MoJo'') is an American progressive magazine that focuses on news, commentary, and investigative journalism on topics including politics, environment, human rights, health and culture. Clara Jeffery serves as editor-in-chief of the magazine. Monika Bauerlein has been the CEO since 2015. ''Mother Jones'' is published by the Foundation for National Progress. The magazine was named after Mary Harris Jones, known as Mother Jones, an Irish-American trade union activist, socialist advocate, and ardent opponent of child labor. History For the first five years after its inception in 1976, ''Mother Jones'' operated with an editorial board, and members of the board took turns serving as managing editor for one-year terms. People who served on the editorial team during those years included Adam Hochschild, Paul Jacobs, Richard Parker, Deborah Johnson, Jeffrey Bruce Klein, Mark Dowie, Amanda Spake, Zina Klapper, and Deirdre English. According to Hochschil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York (magazine)
''New York'' is an American biweekly magazine concerned with life, culture, politics, and style generally, and with a particular emphasis on New York City. Founded by Milton Glaser and Clay Felker in 1968 as a competitor to ''The New Yorker'', it was brasher and less polite, and established itself as a cradle of New Journalism. Over time, it became more national in scope, publishing many noteworthy articles on American culture by writers such as Tom Wolfe, Jimmy Breslin, Nora Ephron, John Heilemann, Frank Rich, and Rebecca Traister. In its 21st-century incarnation under editor-in-chief Adam Moss, "The nation's best and most-imitated city magazine is often not about the city—at least not in the overcrowded, traffic-clogged, five-boroughs sense", wrote then-''Washington Post'' media critic Howard Kurtz, as the magazine increasingly published political and cultural stories of national significance. Since its redesign and relaunch in 2004, the magazine has won more National Mag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Housing Bubble
The 2000s United States housing bubble was a real-estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States. Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, Henry Paulson, the U.S. Secretary of the Treasury, called the bursting housing bubble "the most significant risk to our economy". Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but mortgage markets, home buil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITT Technical Institute
ITT Technical Institute (ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016. The institute was owned and operated by ITT Educational Services, Inc. (), a publicly-traded company headquartered in Carmel. The company also owned and operated the Breckinridge School of Nursing and Health Sciences schools. In 1998, an ITT Tech whistleblower reported on the school's use of predatory recruitment practices. In 2004, federal agents raided campuses in 10 states. However, the school continued to settle legal cases and collect billions of dollars in Pell Grants and federal student loans. Finally, in August 2016, following state and federal investigations, the United States Department of Education prevented students from using federall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Education Management Corporation
Education Management Corporation (EDMC) was a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. The company was founded in 1962. At its peak in 2011, Education Management Corporation operated 110 schools through its higher education divisions: Argosy University, The Art Institutes, Brown Mackie College, and South University, and enrolled 158,300 students. Facing declining enrollment, legal issues, and accreditation problems, EDMC closed or sold many of its schools between 2013 and 2017. By 2014, the company's stock had lost 99.9% of its value, and EDMC received a defaulted bond rating (to junk bond status). Moody's credit rating service in January 2015 dropped EDMC to its lowest rating, D-PD. In June 2018, EMDC filed for Chapter7 bankruptcy and began to liquidate its assets. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corinthian Colleges
Corinthian or Corinthians may refer to: *Several Pauline epistles, books of the New Testament of the Bible: ** First Epistle to the Corinthians ** Second Epistle to the Corinthians **Third Epistle to the Corinthians (Orthodox) *A demonym relating to the port of Corinth or the regional unit of Corinthia in Greece * Corinthian order, a classical order of ancient Greek and Roman architecture *Residents or people from the town of Corinth (town), New York *The League of Corinth, a federation of ancient Greek states *Corinthian Colleges, a post secondary education company in North America currently under criminal investigation in the US. *Corinthian (comics), a character in ''The Sandman'' comics *The Corinthian (novel), novel by Georgette Heyer *The Corinthian (New York), a skyscraper in New York City *The Corinthian helmet, a style of helmet worn by hoplites in classical Greece * Corinthian leather, a marketing term used by Chrysler *Corinthian (horse), American racehorse, a 2007 Bree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apollo Education Group
Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. The company owns and operates several higher-learning institutions, including the University of Phoenix, BPP Holdings in the United Kingdom, University for the Arts, Sciences, and Communication in Santiago, Chile, and Universidad Latinoamericana in Mexico. On May 8, 2016, the company announced its sale to a group of private investors for $1.14 billion, effectively going private. On February 1, 2017, Apollo Education Group Inc announced the completion of its acquisition by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. History Founding Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. Apollo Group as a Publicly Traded Corporation (1994–2016) Corporate revenues for the year ending August 31, 2005 were $2.251 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
For-profit Education
For-profit education (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit-seeking businesses. For-profit education is common in many parts of the world, making up more than 70% of the higher education sector in Malaysia, Japan, South Korea, Indonesia and the Philippines. Australia In 2011, Australia had over 170 for-profit higher education institutions, taking in 6% of the total student population and expected to increase to 20% by 2020. Their qualifications are legally equivalent to those issued by the public universities, but there have been concerns raised by external audits about the quality assurance and standards in for-profit colleges. There are also concerns over the low representation of Indigenous students, students from low socio-economic status backgrounds and students from non-English speaking backgrounds in for-profit colleges, which falls behind that in public universities. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sohn Conference Foundation
The Sohn Conference Foundation was founded in 2006 to raise money to support medical research, the development of research equipment, and programs to help children with cancer and other childhood illnesses. more than $85 million has been raised. The Sohn Conference was founded in 1995 in memory of Ira Sohn, a Wall Street professional, who died of cancer at the age of 29. At that time the conference raised money for Tomorrow's Children's Fund. The foundation has 501(c)(3) non-profit status. Conference history Launched in 1995 as the Ira Sohn Research Conference, it is now called the Sohn Investment Conference. It was created after the premature death from cancer of Ira W. Sohn, by his friends and colleagues Douglas Hirsch, Lance Laifer and Daniel Nir, together with Sohn's mother Judith Sohn and brother Evan. In May 2016, the foundation and CNBC announced a partnership to present the Sohn Investment Conferences in collaboration. The first conference presented as a partnership to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emrys Partners
Emrys is a Welsh name (the Welsh form of ''Ambrose'') and may refer to: *Allan Emrys Blakeney (1925–2011), tenth Premier of the Canadian province of Saskatchewan (1971–1982) *Charles Emrys Smith, Senior Lecturer in Economics and Education *Emrys ap Iwan (1851–1906), literary critic and writer on politics and religion *Emrys Davies (1904–1975), Glamorgan cricketer and later a Test cricket umpire *Emrys Evans (1891–1966), Welsh classicist and university principal * Emrys Evans (rugby) (1911–1983), Welsh dual-code international rugby union and rugby league footballer * Emrys G. Bowen (1900–1983), geographer *Emrys Hughes (1894–1969), Welsh Labour politician * Emrys Hughes (rugby league), Welsh rugby league footballer who played in the 1930s *Emrys James (1928–1989), Welsh Shakespearean actor * Emrys Jones (geographer), Professor of Geography at the London School of Economics *Emrys Jones (actor) (1915–1972), English actor *Emrys Roberts (Liberal politician) (1910–1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
