Word: cutting
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...million last year, and reportedly has a contract that would award him roughly the same amount in 2009. Oxy declined to comment on Hall's compensation. But the energy giant says Hall will remain with the unit at Oxy. Hall had threatened to leave Citi if his pay was cut, which means Oxy is probably honoring his contract. Says an Oxy spokesperson, "We hope and expect Phibro to continue to do well financially and that Mr. Hall and his colleagues will do well financially." (Read "The Citi Sale That Never Ends...
...Cut off your grown kids. Nine in 10 parents of adult children admit to having helped their kids financially - and a third of them concede that this aid is setting back their retirement aspirations, according to financial advisers at Ameriprise. "Have the courage to say no," says Renee Porter-Medley, a financial planner at Key Private Bank in Fort Myers, Fla. State colleges and small weddings are fine; you are under no obligation to help with a down payment. If the kids need money, let them get loans. They have decades to repay them; you can always help out later...
...their statements when the market is going south - much less do anything about shifting their asset mix. Look at what you own - now! If you went into the downturn with 60% stocks and 40% bonds and have done nothing, your mix is now about 50-50. You have cut your exposure to stocks just as they have become more likely to rise. How important is it to get back to 60-40 (or any other target mix that has been skewed by volatile markets)? A starting balance of $100,000 that was 60% stocks and 40% bonds...
Often lifting stray lyrics and imagery from obscure folk songs, the bulk of Dylan’s work thus far has played out like a cryptic cut-and-paste ode to Americana, complete with rowdy railroad men, brassy broads, dirt roads, and plenty of cigarette smoke. Atypically relinquishing song-writing duties on “Christmas in the Heart,” Dylan refrains from dramatically reworking the classics, instead blending his unique brand of gravelly gravitas with the schmaltzy sound of sleigh bells to surprisingly pleasant effect. Hilariously backed by a perfectly earnest bunch of session singers, Dylan?...
...next four years of Jenny’s life in a clichéd voice-over that almost kills the movie. Still, while it lasts, the film is breathtaking, an achingly beautiful tribute to a half-imagined time when even the most devious among us knew how to cut a rug and fall in love...