Word: bustedly
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...peak, 1% of investors controlled about 33.5% of stock wealth; the top 1% of home-equity holders have only 13% of housing wealth. In other words, a broad drop in home values, should it happen, would affect a far larger cross section of Americans than did the NASDAQ bust...
Often, when an NBA star and a cop meet, it's not to exchange free-throw tips--if you know what we mean. And then there's SHAQUILLE O'NEAL, the Miami Heat center who spends his days away from the playoffs working with the Miami Beach police to bust online sexual predators. Shaq became a U.S. deputy marshal this spring and is training to be a reserve police officer. Shaq says he will probably give his day job three more years but will then join the force full time: "I'm definitely running for sheriff in Broward or Orange...
Raymond is no dummy. The oil industry is the classic boom-and-bust business, and managing the booms can be as tough as getting through the busts. In previous periods of high oil prices, there has been an ugly history of overspending on poorly conceived projects that quickly soured. ExxonMobil seems determined not to fall into that trap. The company has produced industry-leading returns in recent years by not zigzagging with every change in oil prices. (It's worth noting that ExxonMobil's earnings are less tied to high prices than are those of other major oil companies...
Betting on Consolidation After e-commerce boom and bust comes merger mania: that was the sense last week as online travel firm lastminute.com - the money-losing, London-based icon of the Internet frenzy - agreed to a $1.1 billion takeover by Texas-based Sabre Holdings, owner of rival Travelocity. The grounds? While there's room for growth in Europe 's Web-based travel sector - as little as 10% of trips are currently booked online in the region - there's no longer room for everyone. Price pressure from major hotels' and airlines' own online operations means Web-based operators "need...
Upon signing the registration forms on the first day of freshman year, where first-years give their proctors the right to legally bust their parties, Harvard students also sign away the right to do nothing, without feeling monumentally...