Word: carred
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...York City comptroller's office, estimates that lower Wall Street pay and payrolls will reduce the city's income tax revenue by $368 million alone. Then there's the ripple effect. Many other types of companies throughout the city, from law firms and accountants to corporate-car services and dry cleaners, rely on Wall Street companies and their employees for business. Bruconi says the general rule is that one job cut on Wall Street usually results in a reduction of a job and a half elsewhere in the N.Y.C. economy. All told, local economists predict that New York City could...
...Rogers became an investing legend in the 1970s while running a spectacularly successful hedge fund with George Soros. Since then, the Alabama native has traveled around the world more than once - on motorcycle and in a car - writing about his experiences, and his thoughts on investing, along the way. Last year, he moved to Singapore, to be close to the economic growth engine that is Asia, and also saw the launch of tradeable securities tied to a commodities index he created. TIME's Barbara Kiviat caught up with him by phone while he was on the road from Brussels...
...source of tension is that the media run so fast while politics moves so slow. By February, political observers doing the math saw where the Democratic primary was going--but it would take three months to get there. So the media revved their engines like a car in neutral: SexismRacismWrightBillaryBitterBowlingBosnia! While Hillary Clinton and Obama won their expected states with the precision of a German train schedule, the 24-minute news cycle played each victory as: Comeback! Counter-comeback! Counter-counter-comeback...
...their casual but absolute sincerity, their conviction that small is beautiful. There's something very American about this, a valorization of the commonplace, carried to a level of intensity that can curl your toes. Looking at his picture of a soda bottle simply perched on the hood of a car, you can't help thinking of what Henry James once wrote about Nathaniel Hawthorne: "The minuteness of the things that attract his attention, and that he deems worthy of being commemorated, is frequently extreme...
...empathy spawned by Rachel Carson's Silent Spring. Precisely how these trends catch on has always been hazy; the trail of bread crumbs is typically detectable only in hindsight. But there's big business in forecasting the color of the moment. A DuPont survey found that 39% of prospective car buyers would buy a completely different brand if unable to obtain their color preference...