Word: fatted
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Dates: during 2000-2009
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...Collective survival instinct, for one. With investigations underway by the Paris stock market regulators and shareholder lawsuits proliferating, Société Générale is now considered a fat and defenseless takeover target. The likely prospect that its post-merger work force would be slashed is a chilling one in a France groggy with nearly 8% unemployment. During trading Tuesday, SocGen's stock price jumped nearly 11% amid heavy trading on rumors rival BNP is planning a hostile bid on the bank. That prospect appeared even more feasible on Wednesday, as BNP announced 2007 profits...
...think we should sober up first. Plenty of people are still partying as if it were 2006. Right-wing radio talk shows are still dominated by ads for second mortgages. Every day's mail still brings fat envelopes from companies begging to issue you a credit card. Every TV commercial that isn't about some prescription drug for a disease you never heard of (but may well have, now that they mention it) seems to be for payday loans. Always borrow responsibly, they say. A little late for that...
...Daniel Boulud, James Beard Outstanding Chef of the Year, opened his casual DB Bistro Moderne and sold a $27 hamburger: ground sirloin stuffed with braised short ribs, foie gras and truffles. As much as I love Boulud's cooking, I found it disgusting--a gooey mess of indistinguishable, nauseating fat. I was, once again, alone: it now accounts for 30% of the bistro's food sales. This year, Boulud, Bobby Flay (New York City's Mesa Grill) and Thomas Keller (French Laundry in Napa Valley, Calif.) are opening burger joints. Eric Ripert (New York's Le Bernardin...
...military bureaucracy can itself be a threat to the funds. A recent turnover of generals in Baghdad has led to a routine review of guidelines, regulations and spending. But what the incoming generals might view as cutting the fat off programs, lower-ranking officers see as a threat to the very goodwill and positive rapport they've worked months to established between themselves and community leaders. Brown says that higher-ups are going to cut the money each contractor receives - Sunni leaders who stick their necks out and who have been increasingly targeted by insurgents in the past few months...
...that $1 million is going to filter into the wider economy," says Jonathan Said, senior economist at the Centre for Economic and Business Research. "A relatively small proportion of what they spend would feed through, compared to a middle-class person." The tabloid headlines scream out FAT CATS GETTING FATTER, but some argue that their contribution to the local economy doesn't matter, saying that the most valuable thing the global rich bring to Britain isn't their cash. Tony Travers, head of the Greater London Group at the London School of Economics, says that visible groups of powerful people...