Word: drivered
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...desk. He changed Morgan from a Wall Street dealer to a bank holding company, and more than tripled the firm's deposit base, which is a safer source of capital. And in a major break from the bank's 70-year history he de-emphasized investment banking as the driver of Morgan Stanley's profits. In June, he completed the purchase of a majority stake in Salomon Smith Barney's brokerage division, instantly turning Morgan Stanley, once an élite white-shoe institution, into the largest brokerage house in America. (See TIME's special report "The Financial Crisis After...
...effect - after the fictitious Minnesota town invented by Garrison Keillor, who described it as a place "where all the women are strong, all the men are good-looking and all the children are above average." We all tend to be overconfident about ourselves in surprising ways. About 90% of drivers think they are safer than the average driver. Most people also think they are less likely than others to get divorced, have heart disease or get fired. Likewise, according to a late-August poll by CNN/Opinion Research Corp., more than 60% of Americans surveyed said they were not worried about...
Airport shuttle driver Najibullah Zazi is at the center of a growing FBI investigation into what officials describe as an al-Qaeda cell nearly ready to launch a domestic terror attack. The Colorado resident was arrested Sept. 20 on charges of misleading investigators after allegedly denying he recognized his handwriting on bombmaking materials. His father, Mohammed Wali Zazi, 53, and a New York City man, Ahmad Wais Afzali, were also arrested on similar allegations...
...advertising revenue that accompanies additional eyeballs. While big dailies like New York's Newsday and the Chicago Tribune have caught on to the trend, mug-shot mania is especially prevalent in Florida, where liberal public-records laws make it easier to obtain these photos. "It's a huge traffic driver for us," says Roger Simmons, digital-news manager for the Orlando Sentinel, where mug shots garner about 2.5 million page views a month, 6% of the site's total. The Palm Beach Post estimates its online police blotter, which streams its own ads, drew half of the site...
...parent household has rebounded recently—among the college-educated. Since the 1980s, divorce among them has fallen by 30 percent. Meanwhile, it has risen among the less educated by about six percent. Gary Burtless, an economist at the Brookings Institute, calls this difference a main driver of economic inequality. Why the two-parent household has become more popular among the college-educated and less so among other demographics is an important question—not a distraction...