Word: cnbc
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...spokesman Charles Robbins. "We are doing for radio what cable and Direct TV did for television." Most of the programming is original, but the companies also simulcast the sound from TV news channels so business travelers can tune into CNN's Lou Dobbs or Maria Bartiromo of CNBC, shown above. Several car brands--including Mercedes, BMW and Cadillac--will offer factory-installed satellite radio receivers by the end of next year...
...deposits are swelling by an estimated $120 billion a year. Not all offshore money is linked to crime or terrorism. Much of it belongs to wealthy people who are avoiding taxes in ways that often are legal under current law or--as the ads for "asset protection lawyers" on CNBC make blatantly clear--are shielding money from business partners and spouses...
...many a CNBC pundit remarked about Greenspan?s far-eyed optimism, he certainly wasn?t going to show up in front of Congress at a time like this without a smile. But his duties as economic-reassurer-in-chief aside, if Greenspan truly does have his long-term bets down on American prosperity, and history does indicate that?s pretty smart money...
...technocrats, economists and businessmen throughout Asia, the work ahead will only get rougher in the wake of Sept. 11?and be anything but normal. That was the day that CNBC buzzwords like "defensive positions" and "collateral damage" took on frightening new meanings. Economists became psychologists: Will American consumers fall victim to a collective post-traumatic stress disorder, too stunned to buy exports from Asia? Financial analysts put aside their valuation models to study troop movements, diplomatic machinations and the mind-set of Islamic terrorists. Phenomena like China's entry into the World Trade Organization are still of importance...
...Back at the office, the air was clear. I watched the session end quietly on CNBC: record volume and record point losses, and Grasso had seen his feverishly rebuilt infrastructure hold up admirably, just as he?d promised. The center had held, but despite Fed rate-cutting and SEC permissiveness the big indexes had broken through technical lows that nobody wanted to see again, and most forecasters admitted it was hard to know what would happen from here...