Word: busts
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...like - you could imagine the FBI's relatively small office in Red Bank, N.J. frantically trying to arrange all the necessary surveillance to collect the evidence flooding in like the Navasink River at high tide. ("Hello, Radio Shack, I need 100 tape recorders. Yes, today.") In Thursday's big bust, more than 300 FBI agents were needed to make all the raids and arrests. They probably had to use temps...
...This looks bad for my home state of New Jersey, but critics are failing to see the beauty in this bust. First of all, it shows how wonderfully diverse New Jersey has become. When I was kid, the Irish ran Hudson County and Jersey City, the Italians had Hoboken and Newark, and in later years Hispanics muscled into West New York and Union City. They did not share. Look at the names on yesterday's arrest list, and it's a beautiful rainbow of wretchedness. Italians, Jews and Irish; Hispanics, blacks and whites. Democrats and (one) Republicans. Men and women...
...great fear in Asia was that the region would suffer through the wealth destruction already taking place in the U.S. as a result of the financial crisis. Stock markets tumbled as exports plunged and economic growth deteriorated. Lofty property prices in China and elsewhere looked set to bust as credit tightened and buyers evaporated. (Read "China's Economic Recovery Gathers Steam...
...what I learned is that the very kinds of daily practices that created the boom in the first place - wanting to book as many deals as possible for short-term bonuses, a workplace structured so that they're knowingly not there for very long - paved the way for the bust. I talked to bankers who said, "When we do deals like this, we're probably at the top of the market." They knew. It's not simply that busts always follow booms...
...Padres may be the bottom dwellers of the NL West, but they've got a couple young guys waiting to bust...