Word: firmness
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After the firm imploded, friends of Fuld's worried not only about the spread of the financial disaster worldwide but also about his safety, as enraged employees, who had invested their life savings in now worthless company stock, cleared out. Though Wall Street, with government intervention, survived, Gasparino has plenty of finger-pointing to offer. He argues, for instance, that the SEC should be disbanded because of "the false sense of security it provides." Then again, after reading this book, you're not likely to be that susceptible anymore...
GARY JACKSON, former president of private-security firm Xe Services, once known as Blackwater, responding to questions from the New York Times about a report that the company authorized the payment of about $1 million in bribes to Iraqi police to silence criticism after a 2007 massacre in Baghdad...
...economy has more and more people turning to their kitchens to (gasp!) cook for themselves, is this niche meal on the rise? Brunch traffic was up 8% during the first eight months of this year compared to the same period in 2008, according to market-research firm NPD Group. Brunch traffic was up 15% in the South, and even in the Northeast, the land of the white-collar layoff, traffic...
Nuni said that by February the SCCF needs to raise “a few hundred thousand dollars more in pledges” for its short-term needs. These include developing fiscal legitimacy and paying for a staff of advisers and lawyers from the real estate law firm Goulston & Storrs, many of whom are currently working pro bono...
...among the world's lowest - only around one marriage in 100 fails, compared to every second marriage in the U.S. - breakups are increasingly common among urban couples, who are overwhelmed by pressures from family, work and other stressors, says Osama Suhail, an associate partner at New Delhi-based law firm ANZ Lawz. The trend has led to an outbreak of new online businesses. Four years ago, Suhail's firm launched a website offering help on an assortment of marital issues from litigation and child custody to divorce and domestic violence. And at secondhaadi.com, which means "second marriage" in Hindi, divorcees...